Alec Saunders SquawkBox

Rick Segal has pumped out a series of excellent posts over the last couple days on the topics of NDAs, term sheets, and types of deals.  They’re well worth the read.

Term sheets, and liquidity preferences:

• The Liquidity Preference Question (references Suzi Dingwall-Williams piece Is a Liquidation Preference Acceptable)
• Annotated Term Sheet and the Secret Prize (includes a marked up term sheet from Craig Brown at Fasken Martineau)

NDAs and deal types:

• Shhhhh.  Promise not to tell.
• Execution Play vs. the Black Box.
• A Confidential Statistic — Strictly Private.

In particular, Execution Play vs. the Black Box is a very worthwhile read.  It’s worth knowing what kind of deal you’re presenting.