Term Sheet: Compelled Sale Right

Basically, this term gives a minority shareholder the right to sell the company after 7 years, with no input from any other shareholders. Be forewarned – this is not a nice term.


(Full Post: http://www.feld.com/wp/archives/2006/06/term-sheet-compelled-sale-right.html


Brad Feld

Brad Feld has been an early stage investor and entrepreneur since 1987. He is currently a Managing Director at Foundry Group. Prior to co-founding Foundry Group, he co-founded Mobius Venture Capital and, prior to that, founded Intensity Ventures. Brad is also a co-founder of TechStars.

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Filed Under:
Collection: Funding
Category: Term Sheet Terms