Incubatees of the 6th cohort at Nexus had an interactive session on term sheets by Ashwini Vittalacha, of Samvad Partners on February 27th. Sameer Malik, Program Manager for Nexus said: “Most start-ups focus exclusively on just perfecting their pitch and when successful, don’t have a clue on how to understand the term sheet that follows which defines the actual investment. Given that most startups do not have legal backgrounds and have not raised funding before its important that we bring in experts that can help them go through the basics.”
In the first part of the session, Ashwini explained the details of a typical term sheet and demystified some of the jargon associated with them. The second half of the session was an interactive Q&A session where the startups shared some of the difficulties they have faced with investors and legal matters. The session on term sheets was the third and final Nexus workshop during “Funding Week” for the 6th cohort.
For more information about Samvad, please visit: https://samvadpartners.com