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DFAN MASTERCLASS: TERM SHEET & SHAREHOLDING AGREEMENT WORKSHOP - Shared screen with speaker view
Gupta Boda
00:55
Glad to be part of this event.
Gupta Boda
01:06
Couldn't join most earlier events
Chandan Miskin
09:50
Hello All!
Sunil Sood
10:19
Hi
Sachin Chauhan
11:17
Welcome everyone at DFAN Masterclass
Sandeep Gupta
12:45
Good Morning Everyone!
Mridul Dhanuka
23:51
Special Resolution is 26% right?Nt 30%
Sriganesh Rao
28:29
If a startup has signed a term sheet, can they back out when it comes to signing a SHA if they do not wish to go ahead for whatever reason?. Or is there a legal binding that once term sheet is signed, SHA has to be signed mandatorily. ?
Gupta Boda
30:05
What stage the Employee Stock Option?
Rohit Manghnani
30:11
If one of the founders of a startup exits and joins a competitor which therefore threatens the growth/viability of the startup - What can be done in this case ??
Chandan Miskin
33:21
For the pre money cap table, how should investors view the sweat equity factored by founders into it and what is the minimum or maximum range for the same?
Gupta Boda
33:35
How much one usually allocate to Core team? Any guidelines?
Sunil Sapra
34:59
1 year cliff + 3 years?
Chandan Miskin
36:15
What about Friends and Family round ? Can it come prior to ESOP being formed?
Sunil Sapra
37:04
Is that a red flag?
Mridul Dhanuka
38:07
I think this is simply trying to dilute the Angel's share.
Anil Gupta
40:26
What does lock in period in exit clause means . Does that mean that no exit before lock in . Can the shares be transferred during this lock-in
Jehangir Khambata
43:12
If the company current revenues are 2cr and they are quoting their current market value at 20cr is the valuation correct. Why?
SACHIN SETH
44:44
Typically now a days, business and domain guys are leading the startups and hiring CTO as senior employee ...e.g. Kunal Shah, Jitendra Gupta etc. ...how does CTO having equal share work here ...no one knows their CTO in public domain
Chandan Miskin
45:33
Can sweat equity to core team members (other than founders) given out as ESOPs? Assuming esop pool can be made higher than 10%?
SACHIN SETH
46:14
more like that are : Zerodha, Groww, UpStox, Indiamart, Moglix...all setup by Business folks ...their CTOs are employees with slightly higher ESOPs
Sanjeev Agrawal
46:25
family and friends give loans which are alo not properly documented also but these are obligation of startup to return plus interest. how to deal with it , how to unearth it and understand the obligation to return it
Chandan Miskin
47:07
F&F money is intended to convert to shares either by a CN, SAFE or a CARE
Arun Pandit
47:27
Can you explain venture debt and is it linked with getting shares if the startup is not able to pay back the debt?
Rahul Jain
47:38
how is valuation decided ?
Nitin G
48:55
What is the definition of a co-founder? I have seen people joining company later and given cofounder title, how does that work?
Sunil Sapra
49:59
Side agreements?
Jehangir Khambata
50:24
Can the esop pool be increased by reducing the specific person pool only
Nitin Guru
50:55
Can we please take questions after the session?
Sandeep Gupta
51:37
As an Angel Group Should We get the valuation confirmed from an External Valuation Agency / Consultant?
gaurav bansal
54:10
what is ' generally ' discount given to existing investors raising further round of funds
Sunil Sood
54:20
What is ROFO ? We understood rofr
Sandeep Gupta
55:16
ROFO is Right of First Offer
Sriganesh Rao
55:45
Some VCs asks for OCPS. Why is this?
Sunil Sapra
56:14
But CCPS will create a waterfall?
Sunil Sapra
56:28
Every new VC will ask for higher preference?
Chandan Miskin
01:02:42
Can investors ask for reviewing the founders agreement?
Nitin G
01:05:12
Can equity of exiting founder be kept in treasury equivalent, as in not allocated to anybody?
Sandip Tolasaria
01:05:39
what is the value of shares at the time of exit of founder?
Sriganesh Rao
01:05:48
At what price will the outgoing Founder be forced to sell his shares --Is it the FMV or the price at which he had acquired?
Sriganesh Rao
01:06:50
continued.. Or at the face value of the share?
Sanjeev Agrawal
01:09:02
in case of death on co-founder or investor .. who to deal with holding pattern of the nominee of the co-founder ( happy leavers)
Jaswant Boyat
01:10:46
Any nomination in case of death
gaurav bansal
01:10:50
how is the FMC calculated..any benchmark method, or can there be a dispute over it oo
gaurav bansal
01:11:04
*how is FMV calculated
Rajeev Mendiratta
01:11:06
when does the CCPS get converted into an equity share ?
Sunil Sapra
01:11:35
If a founder is fired for a difference of opinion/ perfromace?
Rajeev Mendiratta
01:11:45
if a startup has already issues equity shares to angels does it become a detterent for furtyef rounds
Suresh Menon
01:11:46
if one of the founder wants to quit and other founder is interested to take his stake at the value of angel investor, how can this negotiated at TS, why would he agree to be distributed.
Godavarma CK
01:14:43
Good one. thanks
Chandan Miskin
01:15:10
Selling to secondary market? As a part of tag along rights?
Suresh Menon
01:19:09
Why cant Investor insist for Drag Along also
Sriganesh Rao
01:20:23
Can you explain about "Claw back clause" in SHAs?
Suresh Menon
01:20:27
this is needed the founder is not managing the show well. Investor is keen to sell have found a buyer...
Ganesh Viswanathan
01:22:00
Drag along vs claw back what is the difference
gaurav bansal
01:22:49
in case of negative situation, can an investor do a private deal and sell its shares only. if yes, what clause allows to do so.
Jaswant Boyat
01:24:29
Key difference between tagged-alone & secondary sell…need more clarity
Rahul Jain
01:24:40
what if company is registered outside India but operating in India and raising fund frm India and other market
gaurav bansal
01:24:58
i guess milk basket was an example of it..with kalaari selling its shares
Sriganesh Rao
01:25:03
Company can refuse to register SH4 in a Pvt Ltd company. Is this right?
Jehangir Khambata
01:26:10
If the founder is selling his shares does he need to inform the other investors before doing that
Rahul Jain
01:26:42
is there something called SAFE ?
Rahul Jain
01:27:37
yes related to that
gaurav bansal
01:27:48
But 100x Ventures is working on SAFE
Arun Pandit
01:27:56
iSafe
Sunil Sood
01:30:00
Sometimes your investment rate is a discount on the next round. How does that happen?
Anil Gupta
01:30:12
What is timeline for allotment of shares from receipt of monies by company
gaurav bansal
01:32:14
HI Varun pls leave your Linkedin / email , link to connect you !!!
Vivek Gupta
01:36:53
https://www.linkedin.com/in/varun-sethi-89a76818b/
gaurav bansal
01:37:49
If an investor does not agree to the valuation, can they offer money in form of debt with interest and in the next agreeable round of funding can get shares, with valuation at some discount
SACHIN SETH
01:40:49
I missed the answer in sweat equity allocation mechanism...hope it was answered so that we can look at it in Video recording
SACHIN SETH
01:42:29
As a joint investment by husband-wife or family members , is it better to do on individual names or create LLP
SACHIN SETH
01:42:52
for investment puspose
Anil Gupta
01:45:13
Is it mandatory for the company to have valuation done from registered values before raising money
Nik Mulakkal
01:47:13
What if the entity is an LLP registered under startupindia? Are the angel investments possible?
Sriganesh Rao
01:48:43
Board Observer will not have voting rights> Then why have one?
Suresh Menon
01:50:44
Board observer can only observe and not any voice
Suresh Menon
01:52:11
How can he be part of quorum
Sriganesh Rao
01:54:54
Company Sy makes the detailed minutes of board meeting and distributes to all. Then why have Board Observer. Is it only if the Shareholders think that the minutes may not be really what has been discussed?
Rohit Vyas
02:03:39
Is the SH Agreement a binding agreement?
Sreesha Rao
02:04:04
Can individual angels exit when they want to or can we exit only as the full DFAN?
Rahul Jain
02:04:22
wonderful session. thank you so much DFAN and Gratitude to Varun 🙏🙏🙏
Rohit Vyas
02:05:23
Incase of any dispute/ conflict on any point in SH agreement and term sheet does it give right for the individual investor to exit?
Suman Das
02:08:00
Thanks Varun and DFAN, great learning, super session !!
Avinash Arora
02:08:29
Thanks Varun, it was wonderful session.
Sudhir shabad
02:08:33
one of the Bestest I have participated
Raja Mohanty
02:08:34
Thank you so much Varun. Thank you. If was a great experience.
gaurav bansal
02:08:34
Many thanks Varun, it was highly knowledgeable...
Nitin Guru
02:08:41
Thanks Varun.. amazing session... really helpful session.. thanks DFAN !!!
Avinash Arora
02:08:42
Gr8 learning
Amit Chauhan
02:08:42
Thanks Varun.
Sreesha Rao
02:08:51
Nice to know we are in Varun's very safe hands!
Sudhir shabad
02:08:52
looking forward for more
Rohit Vyas
02:09:00
Awesome session and Thank you Varun and DFAN team
Sudhir shabad
02:09:05
do we have a write up of this
gaurav bansal
02:09:05
Thank You DFAN n Vivek...
SACHIN SETH
02:09:21
wonderful session, thanks