Sat.Mar 23, 2019

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What should an entrepreneur look out for when negotiating a term sheet with a VC?

SaaStr

One simple thing: complexity. 99% of terms and term sheet should be simple and straightforward: price. the amount invested (and % ownership for investors / cap table). pool for stock options and employees. board construction and seats that are proportionate, roughly, to ownership. standard venture terms — pro rata, IPO registration rights, etc. timing (if/when term sheet expires).

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The 4 P’s of SaaS: People, Product, Playbooks, and Process

SaaSX

When looking at a problem, I have a simple framework for evaluating what’s wrong. Is it People, Product, Playbook or Process (or some combination thereof)? When the 4 P’s are all aligned and functioning well, great performance follows. And if we aren’t hitting numbers or executing well, then something within the 4 P’s isn’t right. “Manage the cause, not the result.