How to write a term sheet for a convertible note
Signing a term sheet for a convertible note is a kind of a no-strings-attached agreement, between a startup and investors. But, how do you write one?
Signing a term sheet for a convertible note is a kind of a no-strings-attached agreement, between a startup and investors. But, how do you write one?
Startup founders usually have both knowledge and experience to solve problems. But, are they any good at finding the right problem to solve?
Post-money valuation is more or less a matter of ‘rough’ calculations, estimations, market research & negotiations. But, what is the right way to do it?
‘Κnowledge is the only true measure of progress in the process of product development’. But, how do you know when it is you’ve really learnt something?
Want to bring a brilliant business idea into reality? Have you managed to get yourselves some seed funding to get you started? When do you really need it?
Proof of Concept (PoC). An essential part of launching your startup. And yes, to get any funding for a business venture, you’re going to need one.
To build a successful business you need a good idea and a good team. You also need to fuel up the engine you’re building with some good seed capital.
The MVP is not a Beta version, indeed! Releasing your software without testing it first, is like a nightmare waiting to happen. Be careful what you release!
Lean startup, business model; all, important concepts on the journey from idea to startup. But there’s one more thing. Your mission statement.
Product-market fit? Make sure there are customers that have the problem you’re aiming to solve, that they care to solve it and they’ll want your solution.
Some people are born leaders, some achieve leadership, and some have leadership thrust upon them. In the startup world, what’s steering the ship?
What is the first milestone you need to achieve once you’ve set up shop for your startup? Problem-solution fit, of course! Get some steady footing!