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18 Cards in this Set
- Front
- Back
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NDA
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non-disclosure agreement, protects IP, firms rarely sign them
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Proprietary Rights Agreement
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used when hiring, get legal advice
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Parts of an Elevator Pitch
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the grab, the problem, the solution, the value, the IP, competititive advantage, summary slide
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Pre-money valuation
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- what your company is worth before someone invests
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post-money valuation
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what your company is worth after someone invests
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warrants (kickers)
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right to buy x number of shares at a fixed price for a certain amount of time, incentive for early investors
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"accredited" investor
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net worth of $1 M (includes assets) or income of $200,000 per year for 2 years
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"qualified' investor
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net worth of $5m
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Dilution
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what happens when more shares are offered
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control
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who has the right to make decisions, if outside investors own more than 50%
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liquidation event
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converts e-liquid share assets into liquid value, like an IPO or when a company gets sold
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seed fund
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money put together by a group or govnt/universities for start money
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sole proprietorship
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owned and run by one person, no dinstrinction between person and business
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general proprietorship
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one or more people operate but its not a business entity formally
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LLP
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some or all partners have limited liability, one partner not liable for parnters misconduct or negligence
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C corporation
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most major companies, separate from owners or managers, pay income tax
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S corporation
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do not pay income taxes, has to be domestic, no aliens, onely one class common stock
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articles of incorporation
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describes business,, fied with state where its formed, names a board of directors, adopts bylaws, elects corporate officers, issues stock
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