How to make term sheet for angel investors
how to make term sheet for Angel Investors for an indian newly built ecommerce Startup,main source of income is commision from the product sale
1.For 1 year
2.10Lac min investment
3.with exit claus from both the partys
4.After one year money can be returned with interest or invester can stick to his investmenrt
Stage of the startup:
no tranjaction happned
last financial year all cash tranjaction happned
products added worth 1cr to the commerce,none of the product bought
revenue source fron commision and listing of products
Asked 3 months ago in Audit from Kolkata, West Bengal
Sorry I am not competent to answer this question or may be you have asked it in the wrong forum.
You can put this in www.kaanoon.com.
I have a template for startup stage term sheet. If you need that proforma, I may send you across.
Apologies but i guess it may be better for you to work personally with someone to get the sheets built as it would require assessment of the various clauses.
Dont think you may get any ready iinfo on this.
You may get some proforma / sample term sheets in google which you can try out too.
We might not be able to help you out with this. Probably, you chose a wrong forum. Sorry for the inconvenience.
It is a working or draft document before preparation of final agreement with the angel investors. It basically revolves around funding, corporate governance and liquidation. I think you should consult some good consulting who has experience in dealing with the preparation of such agreements of the startup/e-commerce.
If I am not wrong are you asking about the Investor agreement.