Title: Joint PSL / PACT event – “I Signed What?” Understanding Term Sheets and Financing Terms
Location: Quorum – 3711 Market Street, 8th Floor, Philadelphia
Description: An introduction to the world of investments will explore and demystify common terms including: participating preferred, convertible security, convertible dividend, hurdle rate, preference, waterfalls, etc.
Join PACT and Philly StartUp Leaders for a real life examination of term sheets and how they affect the founder’s ownership and value. Also learn why percent ownership may not imply what percent of proceeds you get at the time of exiting.
Farid Naib, Founder and CEO, Document Depository Corporation (DDC)
Start Time: 17:30
End Time: 19:30