The session aims to provide participants with insight into the key considerations when drafting and negotiating a term sheet for early-stage venture capital fundraising deals from the perspectives of both the investors and the founders of a start-up. With the term sheet being one of the first documents to be negotiated between the investors and the founders and serving as a roadmap to the investment, it is crucial that the parties are aware of the common mistakes and pitfalls in such negotiations so that the investment starts off on a right note.
Following from the presentation, our guest panellists, Jaewon Yoon, General Counsel at Jungle Ventures, and Daniel Song, General Counsel at Biofourmis, will join Kyle Lee in a panel discussion. With the panellists bringing the perspectives of a VC investor and a start-up to the table, participants should expect a lively sharing, insights and anecdotes on the potential sticking points and live issues when negotiating a term sheet.
This module will be jointly presented by Mr. Kyle Lee (Joint Head, Start-Up / Venture Capital practice group) and Ms. Jolynn Lim (Associate) of WongPartnership LLP.
- Identifying the common mistakes and pitfalls in drafting and negotiating a term sheet for early-stage venture capital fundraising deals, using the VIMA term sheet as a starting point for interactive examples;
- Knowing which are the crucial provisions in the term sheet that the investors and the founders respectively should pay attention to; and
- Understanding the various ways to balance the competing commercial interests in such investments.
WongPartnership LLP is a full service Singapore headquartered law firm with a regional presence. Our Start-Up / Venture Capital Practice has experience across the entire spectrum of start-up / venture capital investment rounds and is able to capitalise on the strengths of our various practice groups to offer dedicated and comprehensive advice.