VDR Ch. 14, Part 1: Letters of Intent—The Other Term Sheet
October 27, 2017 | By Vela Wood
Office Hours is a podcast hosted by Vela Wood venture attorneys Kevin Vela and Aaron Terwey covering general issues related to small businesses and startups. Venture Deals Review is a series of Office Hours episodes discussing the book Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist by Brad Feld and Jason Mendelson.
In this episode, Kevin and Aaron review Chapter 14: “Letters of Intent—The Other Term Sheet” and discuss the difference between an asset deal and stock deal, forms of consideration, earnouts, and representations & warranties.
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- Venture Deals Review Ch. 6, Part 2: Other Terms of the Term Sheet
- Venture Deals Review Ch. 4, Part 1: Economic Terms of the Term Sheet
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- Startup Lifecycle Infographic
You can find definitions and examples of terms found in the book and this podcast in our Venture Glossary.
- 409A Valuation
- Capital Gains
- Conditions Precedent
- Double Trigger Acceleration
- Holdback Escrow
- Letter of Intent (LOI)
- Liquidation Preference
- Lock-up Period
- Ordinary Income Tax
- Representations and Warranties
- Single Trigger Acceleration
You’ll want to bookmark Venture Glossary as a quick reference for navigating the venture world. We love talking about startups, so follow us on Twitter. And feel free to email us at firstname.lastname@example.org with any comments or suggestions!