Investor Connect Podcast

In this episode, Hall welcomes Brett Commaille of Hlayisani Capital. Hlayisani’s investment philosophy is focussed on the acquisition of either significant minority or majority ownership stakes in market leading organizations that are high-growth and high-impact revenue generating private equity businesses.

With over 20 years of investment and management experience and 12 years Venture Capital, Brett currently serves Investment Principal and Director of Hlayisani Capital and Hlayisani Fund Managers. Brett is an Angel Investor, Venture Capitalist, Entrepreneur and Business Development Specialist who has built a career in investing into and growing small and medium sized businesses both in South Africa and internationally. Brett is the founder and Lead Partner of AngelHub Ventures. Brett gained diverse corporate experience with Deloitte, PWC (South Africa and Middle East), and Standard Bank’s Corporate and Investment Bank. He set up a venture capital fund for Remgro Ltd called Invenfin, where he served as CEO. Brett founded AngelHub Ventures, one of the most active venture fund investors in South Africa. 

 

 

Direct download: Brett_Commaille_of_Hlayisani_Capital.mp3
Category: -- posted at: 2:29pm CST

Terms sheet lean to the founder or to the investor. One that leans to the founder is called a founders friendly terms sheet.

It has some of the following characteristics:

The term sheet provides that the Preferred Shares will receive the same number of votes as the number of Common Shares it could be converted into. 

The liquidation preference is limited to the original purchase price of the shares, plus any declared and unpaid dividends.

The option pool for future hires is not included in the pre-money valuation.

The term sheet is silent regarding individual founder or employee performance reviews.

The term sheet is silent on the issue of non-competition, which makes it possible for founders to find work after they leave the company.

For at least the first two (2) years of operations, the company will not agree to pay the legal expenses of any investor as a condition of investment.

The term sheet is silent on dispute resolution, which leaves the door open for the company and its investors to go to court rather than arbitration.

These are some key points to look for you in a proposed term sheet that indicates which party it favors.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today!

Direct download: Startup_Funding_Espresso_--_Founder_Friendly_Terms_Sheet.mp3
Category: -- posted at: 8:33pm CST

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