Author: Amy Sheng

Coming to Terms with Term Sheets: What Angel Investors Need to Know

Coming to Terms with Term Sheets: What Angel Investors Need to Know

Jul 1, 2013 | ,

When an investor plans to make an investment in a startup, one of the things in the forefront of his or her mind is: what are the terms of the deal? Well, luckily a document exists whose sole purpose is to delineate all the deal terms. It is agreed upon by two parties, the startup and the investor, and called, fittingly, a term sheet. Term sheet: investment specifics So what does the big scary term sheet look like “in real life”? While I was reading through terms sheets during my internship here at OurCrowd, I realized that after parsing away the legal jargon (and parsing away some more…), they are basically lists—lists of terms that the investor and the startup have agreed to adhere to in this investment. Note that the term sheet (other than the confidentiality agreement therein) is not legally binding, but under most circumstances, these same terms will make their way into legal documents relating to the deal. The list of terms can be broken down into two categories by asking a simple question: as an...

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From Beijing to Jerusalem: Why I chose an internship in Israel

From Beijing to Jerusalem: Why I chose an internship in Israel

Jun 3, 2013 | , ,

There’s a Chinese saying that goes, “行千里路，胜读万卷书。” (“Traveling a thousand miles trumps reading ten thousand scrolls.”) I’m happy to say I’ve fulfilled the first part of the saying by travelling 7,125 kilometers to Jerusalem, Israel for my internship at OurCrowd. Who am I? My name is Amy Sheng. I’m originally from Beijing, China, but I currently reside in New Haven, Connecticut, where I am a rising sophomore at Yale University. I devoted most of my freshman year to a year-long Humanities program called Directed Studies. I haven’t yet declared a major, but I’m considering a double major in Math & Philosophy and Computer Science. I’ve been a globe-trotter since I was young, moving from China to the US at the tender age of 5, then bouncing up and down the Eastern seaboard each year, returning to China at the age of 10, attending a youth conference in Norway, then making my way back to the States for college. My newest destination? Jerusalem, Israel. Why Israel? To explain how I made my way to Israel’s startup scene, I have to...

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