Tagged Questions
5
votes
2answers
277 views
Term sheet for family member?
When getting funding from family and friends, are term sheets necessary? The family member I've approached is more interested in becoming an investor, rather than owning convertible debt. Every term ...
1
vote
1answer
147 views
Should we use “trigger event” investment milestones for additional rounds of capital?
One of our advisors recently suggested we consider using "trigger events" for our second round of capital.
Along the lines of "I'll commit $50K now and if you get to 25K registered users by 6/30, I ...
