This webinar is expected to run up to 60 minutes.
This webinar is designed to be review of exit strategies. Example topics will include:
- What are the various elements of an angel term sheet? How do angel term sheets vary from VC term sheets?
- What are the key drivers of variation in these terms?
- What are market terms today, how have they varied over time, and where are they expected to go in the future?
- How do term sheets vary across vertical and geographic markets?
- What are the unanticipated term sheet gotchas that catch both investors and founders later in the life of a company?
- How can angels best use their term sheets to accomplish their goals?
- What are the value trade-offs that can be made to through term sheets to accomplish investor or founder goals?
- How are online angel platforms affecting term sheets?
PRESENTER: Tom Cervantez, Accelerator Ventures / Business Counsel Law Group / HBS Alumni Angels
Tom Cervantez is a Venture Partner at Accelerator Ventures. Tom has worked with Accelerator Ventures since its formation and with Alex Lloyd on reviewing, analyzing and negotiating angel and venture investments since 1999. Tom brings a strong deal background to AVC from the legal perspective, having practiced law as a venture capital lawyer in Silicon Valley since 1992, as well as being a founder of a corporate/venture law boutique, Business Counsel Law Group, LLP – in San Francisco.
On the investment side, Tom has been an active angel investor since the early 1990s, with early investments including Open Table (IPO), Friendster (acquired by MOL Global), Knowledgeweb (acquired by iVillage), Virtual Chips (acquired by Phoenix Techologies), Three Rings (acquired by Sega) and Geonet (acquired by Level 3 Networks). Tom also was the co-founder of the HBS Alumni Angels, the global angel alumni group for Harvard Business School. Tom is also on the Board of the HBS Alumni Association of Northern California and is Co-Chair of the Venture Capital SIG of the SV Forum. Tom speaks frequently on the topics of venture investment and deal structuring, and has done that at UC Berkeley, Stanford and Harvard.
Tom holds a BA in Business Administration from Loyola Marymount University and a JD/MBA from Harvard. Tom can be reached at firstname.lastname@example.org
MODERATOR: Sandy Scott, Partner at Tandem Expansion Fund
Sandy Scott began his career in Silicon Valley in 1999 as an investment banker with the CSFB Technology Group focused on software and internet transactions. He followed this with several years at Vector Capital where he invested in later stage turnaround, buyout, and spin-out opportunities and where he was extensively involved in the acquisition and turnaround of Corel Corporation. Subsequently, Sandy turned his focus to entrepreneurship with time in the digital media space at Trouvé Media and then leading sales and marketing efforts for Panjiva, a New York City technology startup focused on facilitating global trade. Sandy joined Tandem Expansion in 2009 and is involved in the boards of Delta Q Technologies, Nexterra, Acquisio, and Storage Appliance. He is currently involved in founding the HBS Angels chapter in Toronto, Canada. Sandy graduated from the University of Western Ontario with a degree in Computer Science and Economics and received his MBA from Harvard Business School.