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THE NEXT BIG DREAM: Millions Will Compete & Millions Will Win...Millions

Mommy Millionaire

Kim Lavine has transformed the lives of millions through appearances on the Today Show, Rachel Ray, GMA, NBC, ABC, CNN, CNBC, FOX, NPR, Oprah & Friends & features in USA Today, Guideposts, Inc, Business Week, Entrepreneur, and Forbes, to name a few. Her startup bible MOMMY MILLIONAIRE was called by Publishers Weekly “A top-notch how-to guide on launching a business…a rare gem.”

Read more in the newly updated Platinum Version of MOMMY MILLIONAIRE Available for immediate download by eBook or PDF. Filled with all kinds of bonus materials including document templates, updated tips and the real skinny on what went down since I wrote this book.

Price: $9.99 (Upon purchase you will immediately be redirected to download in EPUB, MOBI or PDF formats)

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Kim Lavine's Media Highlights
Kim Lavine's TV Highlights
Kim Lavine
Listen as I tell you a story, of history being made...

Kim is on a mission to inspire people to follow their dreams, empowering them with hope, honesty and faith.

Identified as America’s Expert on Inspirational Business Advice, Kim touches and inspires millions around the world through her appearances on The Today Show, Rachel Ray, Good Morning America, NBC & ABC news, CNN, CNBC, FOX, NPR, Oprah & Friends Radio Network, and features in USA Today, Country Living, Guideposts, Inc, Business Week, Entrepreneur, Women's World, and American Baby to name a few. Read More...

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Kim Lavine's Print Highlights
Wednesday
Jun032015

« Anatomy of a Term Sheet »

by Kim Lavine

Next a Term Sheet had to be drafted. I was confident and relieved to put the details of this enormous task in the hands of Smart Money, Symphony Money, who was a lawyer, and no less than two attorneys in his office.

Smart Money wasn’t going to let just any attorney handle this. He wasn’t going to go to all the trouble of balancing volatile personalities and combustible financials to craft a deal equal to any work of art, and turn it over to a lawyer who would mess it up.

This wasn’t going to be cheap

$15,000 from beginning to end is considered to be extremely economical, with $60,000 not unheard of. Fortunately, this gets built in right up front with the amount of capital raised. I got the Term Sheet by email from Smart Money, with the directive that I sign it as soon as possible.

He was not only good at making deals, but he was good at closing deals. The pressures he brought to bear on everybody to keep the deal moving along in a timely manner were extreme.

The Angels suffered almost as much as I did

I went over the Term Sheet in detail with him; he had done the best that he could after much negotiation, but there were still two items that were going to need my immediate and urgent attention.

Even though we had come this far, I was suddenly confronted with two absolute deal-breakers. And just like that, I was contemplating the possible death of this deal for the third time.

Anatomy of a Term Sheet

Each one of these items will be addressed in a Term Sheet and specifically spell out all the details in a paragraph for each

  • Type of Security
  • Investors
  • Amount Raised
  • Use of Proceeds
  • Closing
  • Capitalization
  • Corporation
  • Term of Payment
  • Terms of Conversion
  • Warrant Coverage
  • Security
  • Protective Provisions
  • Board of Directors
  • Indemnification of Board of Directors
  • Management and Information Rights
  • Investor Participation Rights
  • Guaranty of Investors
  • Proprietary Information
  • Inventions and Non-compete Agreements
  • Documentation
  • Conditions to Closing
  • Non-Binding Terms
  • Exclusivity
  • Confidentiality
  • Legal Fees and Expenses
  • Expiration

An Excerpt from MOMMY MILLIONAIRE

Read more in the newly updated Platinum Version of MOMMY MILLIONAIRE Available for immediate download by eBook or PDF. Filled with all kinds of bonus materials including document templates, updated tips and the real skinny on what went down since I wrote this book. CLICK HERE TO BUY THE BOOK

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