The Mechanics of Term Sheets- Texas Health CoLab's Monthly Learning Series
Event Information
Description
You decide to start a company, and are lucky enough to find investors to fund your venture. You then receive a term sheet... wait, what? It feels like you are reading another language — help! During this discussion, we will explore the mechanics of term sheets, covering the basics and some key issues such as:
- What is the difference between pre-money and post-money valuation?
- Option pools. Time for a swim?
- What is a liquidation preference, and why does it matter?
- The cumulative dividend trap
- The realities of valuations for startups
- Anti-dilution preferences (what could go wrong)?
Afterwards, join us for happy hour!
The event is sponsored by Schwegman Lundberg & Woessner
About the Speaker:
Yash Sabharwal is an accomplished serial entrepreneur in life sciences. Yash co-founded his first company, Optical Insights, in 1997 which was acquired in 2005. In 2010, Yash joined the technical co-founders of Xeris Pharmaceuticals where he served as COO and CFO at from 2011 to 2016. Under his leadership and guidance, Xeris raised over $60M in private capital and $15M in non-dilutive funding.
Yash is currently CEO of NanoMedical Systems, which he joined at the beginning of 2017 to help commercialize drug delivery and diagnostics products based on their proprietary nanochannel and nanoporous technologies. He is also a co-founder and CEO of CherryCircle Software, Inc. which develops cloud-based, knowledge management solutions for lifecycle product management in the pharmaceutical and medical device industries.
Live Streaming Locations:
The event will be live streamed to additional locations. Please select which location you plan on attending in your response:
- UT Health San Antonio, Center on Smart and Connected Health Technologies, School of Nursing Room 1.225
- UTSA SBDC Technology Commercialization Center, UTSA Downtown Campus; Institute for Economic Development, Durango Building – Room 2.112A , 501 W Cesár E Chavez Blvd, San Antonio, TX 78209
- Temple Health & Bioscience District, 1802 S. 1st Street, Temple, TX 76504