"That is not market" is a phrase that I hear many times from founders, who repeat their attorneys' words. Luckily there are standards within deal documentation from the National Venture Capital Association (NVCA) that outline how documents should start, but often, this is merely an outline. The problem is that no company performs the same. Nor do every venture capital firm's investment and risk tolerances are the same. This creates a challenge to have completely standardized documents.
The Fallacy of Non-Market Terms.
The Fallacy of Non-Market Terms.
The Fallacy of Non-Market Terms.
"That is not market" is a phrase that I hear many times from founders, who repeat their attorneys' words. Luckily there are standards within deal documentation from the National Venture Capital Association (NVCA) that outline how documents should start, but often, this is merely an outline. The problem is that no company performs the same. Nor do every venture capital firm's investment and risk tolerances are the same. This creates a challenge to have completely standardized documents.