Angel Fundamentals: Understanding Equity Deal Terms – Exits & Liquidity

In the beginning of this deal terms series, we observed that the concepts covered in a typical term sheet can be grouped into four main categories of investor concerns: Deal Economics; Investor Rights/Protection; Governance, Management & Control; and Exits/Liquidity. In this last article we are going to finish off the series by looking at the provisions relating to Exits and Liquidity.