Osborne Clarke’s Carsten Schneider discusses term sheets and other legal challenges
Ecosummit TV: As Brad Feld and Jason Mendelson write in Venture Deals, 2 key things matter in a term sheet negotiation: economics and control. Carsten Schneider is a German Partner at the European law firm Osborne Clarke. In his presentation at ECO12 Düsseldorf, he gives condensed legal advice to cleantech startups and also discusses term sheets. During the lifetime cycle of a cleantech startup from seed stage to exit usually a number of financing rounds take place during which the interests of the startup, existing and new investors have to be balanced in a smart and sustainable way. In fact, the relationship between founders and investors is exit-driven and entrepreneurs should understand what this means in reality – for them and their startup.
The ECO12 Düsseldorf presentation slides of Carsten are available as PDF.