4.105 Venture Terms: Control and Protections

This course covers non-economic terms in standard venture capital term sheets. What are the various definitive agreements that are part of a venture financing? How is a post-financing board of directors constituted? What protective provisions and veto rights do investors negotiate for their appointed directors and for themselves as shareholders? How do term sheets address founder compensation, stock vesting, and stock transfers? What is meant by drag along and co-sale? What are standard terms for representations and warranties, information rights, counsel fee reimbursement, and registration rights?

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