{"id":111,"date":"2007-02-18T19:29:28","date_gmt":"2007-02-18T19:29:28","guid":{"rendered":"https:\/\/www.dshen.com\/blogs\/business\/2007\/02\/18\/convertible_notes_versus_preferred_equity_part_15\/"},"modified":"2007-02-18T19:29:28","modified_gmt":"2007-02-18T19:29:28","slug":"convertible_notes_versus_preferred_equity_part_15","status":"publish","type":"post","link":"https:\/\/www.dshen.com\/blogs\/business\/archives\/convertible_notes_versus_preferred_equity_part_15.html","title":{"rendered":"Convertible Notes versus Preferred Equity, Part 1.5"},"content":{"rendered":"<p>Oh one other quick word.<br \/>\nWhen I started dealing with term sheets in both Notes and Preferred Equity, I strove for understanding.  I went in thinking that this was an orderly process and that there were standard contracts for this sort of thing.<br \/>\nThe one thing I learned is that NOTHING IS STANDARD.<br \/>\nTerms are written purely on whatever the entrepreneur and the investor(s) want. Yes, there are standard things like interest rate payments or anti-dilution provisions, but as for what interest rate to pay or which type of anti-dilution provision of which there are many&#8230;all up for grabs.<br \/>\nSo if anyone tells you their term sheet is standard in the industry, don&#8217;t believe them.  Everything is negotiable, so just say, &#8220;Thanks I&#8217;ll take a look and get back to you.&#8221;<br \/>\nOnwards to Part II&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oh one other quick word. When I started dealing with term sheets in both Notes and Preferred Equity, I strove for understanding. I went in thinking that this was an orderly process and that there were standard contracts for this sort of thing. The one thing I learned is that NOTHING IS STANDARD. Terms are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[],"class_list":["post-111","post","type-post","status-publish","format-standard","hentry","category-angel-investing-venture-funds","category-convertible-notes-vs-equity"],"_links":{"self":[{"href":"https:\/\/www.dshen.com\/blogs\/business\/wp-json\/wp\/v2\/posts\/111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dshen.com\/blogs\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dshen.com\/blogs\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dshen.com\/blogs\/business\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dshen.com\/blogs\/business\/wp-json\/wp\/v2\/comments?post=111"}],"version-history":[{"count":0,"href":"https:\/\/www.dshen.com\/blogs\/business\/wp-json\/wp\/v2\/posts\/111\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.dshen.com\/blogs\/business\/wp-json\/wp\/v2\/media?parent=111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dshen.com\/blogs\/business\/wp-json\/wp\/v2\/categories?post=111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dshen.com\/blogs\/business\/wp-json\/wp\/v2\/tags?post=111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}