As part of LeWeb London and Tech All Stars, we are staging a Term Sheet Battle. What is a Term Sheet Battle? It is an event where an audience can watch an entrepreneur and a VC go head to head to negotiate out the terms of a Term Sheet.
The Term Sheet Battle is a "reality show" designed to de-mystify what is mostly a closed and poorly understood process: the first negotiation about a "term sheet" for a Series A financing. Term Sheet Battles have been playing to sold-out audiences in the USA and in Copenhagen, Malmo, Berlin and Amsterdam. This will be first time the Term Sheet Battle has been held in London.
A term sheet lays the groundwork for ensuring that the parties involved in a business transaction are in agreement on most major aspects of the deal. It also ensures that expensive legal charges involved in drawing up a binding agreement or contract are not incurred prematurely.
If you will be at LeWeb and want to see what happens behind closed doors, come to this Term Sheet Battle. The Battle will begin at 11am on June 20th 2012 in the Tech All Stars room. Reserve your place http://londonuktermsheetbattle.eventbrite.com.
Introducing the London LeWeb Term Sheet Battle 'Actors'
Jason Ball - "The Investor"
Director at Qualcomm Ventures
Tina Baker - "Company Counsel"
Partner, Brown Rudnick LLP
Jens Lapinski - "The Founder/Entrepreneur"
Entrepreneur in Residence at Forward Internet Group
Brad Furber - "The Referee"
US securities lawyer/venture executive with experience on both sides of the table