The annual Term Sheet Battle, which pits an experienced entrepreneur against an investor to negotiate the details of a mock term sheet live on stage, is returning to Berlin on 7 June. This year, the audience will see Earlybird‘s co-founder and Partner Christian Nagel take the hot seat with a yet-to-be-determined entrepreneur.
The term sheet is a critical document that lays out the groundwork to ensure all parties agree on major aspects of a deal. For entrepreneurs, dealing with term sheets is an essential – and often confusing – process that they will have to face at some stage.
“Term Sheet Battle is really about levelling the playing field between investors on the one hand (who have done hundreds of deals) and entrepreneurs who are usually very poorly prepared to negotiate what can be a complicated document,” explained Alex Farcet, founder of Startupbootcamp, a lead sponsor of the event.
The faceoff is a great opportunity for startups interested in raising funding to learn the ropes of term-sheet negotiation or investors who want to brush up their skills. Brad Furber, seasoned investor and creator of Term Sheet Battle, will be moderating the event – calling timeouts to offer advice to entrepreneurs as well as explaining specific terms and concepts to the audience.
VentureVillage is giving out five tickets to our readers to the Term Sheet Battle in Berlin on 7 June 2013! Leave a comment below for your chance to win one ticket (valued at €30). Please read our Contest Guidelines for terms and conditions – contest closes 25 May 2013. Good luck!
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