A term sheet is a relatively short document setting out the key terms of the investment agreed upon between the company and the investor in user-friendly language. It is also referred to as a Memorandum of Understanding (MOU). It includes the business and finance terms and could include legal terms regarding confidentiality and dispute resolution.
Founders are often risk-takers with lots of energy and great business ideas. And that is fantastic, as long as you remember to set up the correct legal foundation for your venture. Not having the proper legal basis for your startup might be too big a risk. Having the correct legal documents in place is essential for the future success of your startup.
The initial funding rounds of a start-up are often referred to as seed funding. At this stage, investors invest in the founder, the idea, and the company’s potential. That money is usually used for product development and market research. Many start-ups don’t make it to the next round of funding.
A SAFE (which stands for Simple Agreement for Future Equity) is the most popular type of convertible for early-stage startups. It was originally created by Y Combinator in 2013.
Co-founder and CEO of jalebi.io, Zohare Haider is on a mission to help restaurants streamline operations to increase marginal income on every order they craft.
Clara user Feras Jalbout founded Baraka after a career as an investor, spotting a gap in the market to promote financial inclusion and educate, enable, and empower everyone to invest. We spoke to him about the ups and downs of building a successful startup.
A Share Incentive Plan (also known as a SIP or an Employee Share Option Plan or ‘ESOP’), sets aside a pool of your company’s shares that you can allocate in the future to employees, directors, advisors and consultants, incentivising them to contribute to your startup’s success and growth.
Clara has done some digging to find some truly mind-bending facts about startups. Find out what country is deemed to be the most entrepreneurial in the world, where on the planet you’re likely to find unicorns or angels and how the time of year might affect your business.
The days of the humble pen and paper are over. From expanding on that tiny seed of an idea, brainstorms with co-founders and teammates, to impressive pitches and world domination, Clara’s picked the best digital tools to help your startup succeed.
Does life imitate art, or does art imitate life? The bingeable shows on Clara’s list tread a fine line between the two – some, like WeCrashed and The Dropout are based on real-life events, while others such as Silicon Valley draw on the trials and tribulations of startup life.
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Level 15, WeWork Hub71
Al Khatem Tower
Abu Dhabi Global Market Square
Al Maryah Island, Abu Dhabi, UAE