Thu, 20 February 2020
The terms sheet sets out the Information Rights for the investors.
The standard set of financial reports that investors require include profit and loss (P& L) statements, balance sheets, and cash flow statements. For early stage companies these are typically unaudited financials. For a startup that is up and running, founders should recast the business plan as an operating plan that clearly outlines the key milestones the team intends to achieve.
Typical milestones for a growing startup include sales goals, new product introductions, new customer segment plans, and team expansion. In most cases, reports are provided quarterly.
Let’s go startup something today!
Direct download: Startup_Funding_Espresso_--_Information_Rights.mp3
Category: -- posted at: 9:46pm CDT