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Spring 2012 Chicago
Applications: Oct 14, '11
Sessions: Oct 17, '11 - Feb 07, '12

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Our vision is to Globalize Silicon Valley by creating and fostering local startup ecosystems in promising markets across the globe. We aim to help launch 1,000 technology companies per year in over 30 cities worldwide.

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Posted by Yoni Mekuria on Jan 27, 2012

Inside FI: 'The Devil is in the Details of Your Term Sheet' by @BarrySilbert

Inside FI gives you exclusive access inside the training sessions of the Founder Institute. To get updates when we release new videos, follow us on Twitter or subscribe to our weekly newsletter here

It's important to understand the details and negotiate favorable terms that align the interests of the entrepreneurs with the investors during the fundraising process. However, as Barry explains in the video below, “it’s worth taking a less attractive term sheet to work with investors you like.”

Barry Silbert is an angel investor and the Founder and CEO of SecondMarket – the largest secondary market dedicated to creating liquidity for illiquid assets. Barry was a category winner of Ernst & Young's Entrepreneur of the Year Award, a winner of Crain’s Entrepreneur of the Year Award and was included on Treasury & Risk’s list of the 100 Most Influential People in Finance.

In this talk from last year’s New York Founder Institute, Barry shares insights into the funding process he gained from angel investing and raising several rounds of financing with SecondMarket. He explains how to negotiate terms that align entrepreneurs and investors, creating a competitive process to close investors, and walks through an Angel and Series A term sheet in detail.

Applications for the Spring 2012 New York Founder Institute are due on Saturday, March 4th. Click here to apply

If you like the video below, follow Barry on Twitter @BarrySilbert.

 

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