Hey guys!
Hope you all made it home (or wherever you're going!) safely and enjoying the start of brea. I know we agreed to make revisions virtually over so I added some documents to the drive to make this easier. Hopefully, we can make it painless and avoid interrupting
too much of our break. I added the following documents:
-ManagementNegotiations-Revised Valuation Spreadsheet: I redid all of our computations but for the full 5M investment amount (it basically just corrects the mistake we made last time) so you can just consult this document from now on.
-ManagementNegotiations-InitialFounderFeedback Document: this document has all the feedback from our meeting at the top; at the bottom, I included a list of all the terms where everyone can put their suggested changes based on the feedback (here
we can start to develop our new package offer). All of my thoughts are in red.
-ManagementNegotiations-RevisedTerms Document: I typed up the term sheet from last time so we have it digitally. Once we've made decisions on what to change, someone can update the document to be sent over to the other team. I hoped this
could make it easier for us to get it done.
When should we have everyone's feedback in? We agreed to get a revised sheet to them by the end of break.Based on everything we've uploaded, it should take everyone maybe 20-30 minutes to review the feedback and input their suggestions. If we can agree
on some changes and update the RevisedTerms doc, it should be really quick and easy.
Happy Thanksgiving!
Hil