Sen. Dodd’s bill needs amending

Have you seen or heard about Senator Christopher Dodd’s Financial Reform Bill and the provisions regarding angel funding?  There is an excellent article in Business Week about the provision that would increase the requirements of an individual to qualify as an accredited investor.  It would take out an estimated 40% of people who qualify today from being able to make a sophisticated investment in a promising new technology-based business.  Furthermore... [Read More...]

What’s in a Term Sheet?

Not often discussed in presentations about starting a company, particularly an innovative high growth company raising private equity from angels and VCs, is the term sheet.  The New Enterprise Forum and Ann Arbor SPARK are presenting a two part program about the various aspects of a term sheet.  An attorney, investor and CEO will discuss the many elements of a term sheet and the ramifications of each.  The first program is in two weeks, Thursday... [Read More...]

NEF meeting on Term Sheets

Term Sheets is a subject rarely discussed in any detail in a public forum, even though they are referred to often.  Do you know what is in a Term Sheet?  We’re going to tackle the subject in a rare series of programs at the New Enterprise Forum meetings in September and October.  Even two sessions won’t be enough to give you much detail, but you will probably walk out of each meeting knowing a lot more about them than you do today.  The... [Read More...]