by Lea Strickland | Jul 30, 2010 | Glossary
The primary purpose of a PPM is to give the entrepreneur the opportunity to present all potential risks to the investor. The PPM protects the entrepreneur in the event that the investment goes sour. That’s why it’s so important that the private placement...
by Lea Strickland | Jul 30, 2010 | Glossary
A list of the material terms of a business or funding agreement. A term sheet typically appears in a bulleted format. After term sheet has been “executed” it guides legal counsel in the development of a proposed “final agreement”. It is...
by Lea Strickland | Jul 30, 2010 | Glossary
Loan extended only on the basis of the borrower’s financial position, creditworthiness, credit history, and general reputation. The borrower signs a promissory not but does not pledge any specific asset(s) as collateral. Also called character loan, good faith...
by Lea Strickland | Jul 30, 2010 | Glossary
Cash available for day to day operations of a firm. Also called current capital.
by Lea Strickland | Jul 30, 2010 | Glossary
A very concise presentation typically lasting 60 to 90 seconds that summarizes an idea including all of its critical aspects. The duration reflects the “typical” length of time of an elevator ride.
