Term Sheet Basics for Swiss Startups – What Founders Must Know Before Signing (Part 3) скачать в хорошем качестве

Term Sheet Basics for Swiss Startups – What Founders Must Know Before Signing (Part 3)

In Part 3 of our SeedFast webinar series on startup funding in Switzerland, we take a deep dive into one of the most critical – and most misunderstood – documents in any Seed-Funding round: the Term Sheet. Whether you're preparing for your first investor negotiation or already have a soft commitment in place, this session equips you with the knowledge to understand, evaluate, and negotiate a term sheet that protects your interests and builds the foundation for a successful investment round. 🧾 What you’ll learn in this episode: What is a Term Sheet – and what is it not? – Non-binding in most parts, but legally strategic – Sets the tone for Shareholders’ and Investment Agreements – Key for aligning expectations before legal costs mount Core Clauses You Should Understand 🔹 Economic Terms – Investment amount & pre-money valuation – Employee stock option plans (ESOP) and how they dilute – Liquidation preferences & anti-dilution protection – Founder vesting clauses and leaver rules (good vs. bad leaver) 🔹 Control Terms – Board composition & board observer seats – Reserved matters and veto rights – Shareholder voting thresholds and operational freedom 🔹 Other Terms – Transfer restrictions (pre-emption, tag-along, drag-along) – Information rights & reporting duties – Confidentiality, exclusivity, and cost allocation Practical Questions Answered – Can I reuse an old term sheet? – What belongs in a good term sheet? – Why you shouldn't rely on free templates 💡 Why this matters: The term sheet is more than a summary. It’s a strategic tool that shapes negotiations, defines deal logic, and helps avoid misunderstandings. Founders who understand term sheet mechanics negotiate from a position of strength – and save time, legal fees, and friction down the road. 📌 Previous sessions: • [Part 1] Overview of Swiss Startup Financing Rounds • [Part 2] Capital Increase Options for Swiss Stock Corporations 📆 Next webinar (Part 4): 📍 Legal Due Diligence: What founders need to prepare and disclose 🎙️ Speakers: Dominik Witz (Managing Partner & Co-Founder, Konsento) Alain Friedrich (Partner, Lex Futura) 🌐 More insights & templates: • SeedFast: https://www.seedfast.ch • Konsento LegalTech Platform: https://www.konsento.ch