John Dimmer

Well unfortunately I missed the lecture, but, I did go through several of the blogs to kind of get the feeling for what was covered.I went ahead and found the article "how to Negotiate a Term Sheet" online and read it. One point that I found to be very important in the article was the issue of reverse vesting. When you talk in class you've mentioned that you want to see how much money the entreprenuer is investing in his/her own business.You've basically have said "put your money where your mouth is" to people you've dealt with in putting together". I agree that if an entreprenuer wants to go to venture capitolists for money that it's not unreasonable for the VC to expect some risk from the founder and to want to keep him involved in the company for the long haul by keeping the thing that is close to his heart..his/her money!! Another issue that comes to my mind is the risk the company is taking when going to a VC. It seems that the owner stands to lose a lot of control when he gets in bed with these guys, and it also seems that for all the time it takes to finally get money out of them...isn't worth the hastle. I guess if it takes months to get a contract signed and nothing gets done in August or December, I wonder why someone would want to "kiss that much ass" when your company is already functional without them.