IRA TERM SHEETS ASSESSMENT - FREEMIUM VERSION

1
Please provide us with your email to receive IRA Term Sheets Assessment Report within 24 hours from the submission.* This field is required.
example@example.com
2
You are looking for 1 million USD investment in exchange for 10% of your company (after issuing new shares to the investor). Your pre-money valuation is:* This field is required.
90%
1.000.000 USD
10.000.000 USD
None of the above
I don’t know the answer
3
A signed startup term sheet between an investor and founders is:* This field is required.
Always binding for both sides
Never binding, except if it clearly states there are binding clauses
Fully binding if the agreement is officially witnessed by a lawyer
Never binding
I don’t know the answer
4
While fundraising for your startup, an investor shows interest in investing 1 million USD in preferred shares with a multiple of 10X and a pre-money valuation of 10 million USD. If the company is sold for 10 million USD in four years, how much money would you receive as founder/shareholder (common shares), considering you would be the only shareholder apart from the investor:* This field is required.
Zero
9 million USD
10 million USD
None of the above
I don’t know the answer
5
What does it mean for an entrepreneur to receive 10% of vested shares over the course of four years?* This field is required.
Entrepreneur has an option to buy the shares at any time during the four years, independently of his commitment and performance in the company
At any moment, at their sole discretion, investors can cancel the vested shares agreement
If the entrepreneur doesn’t sell the vested shares over the course of four years, he/she loses the right to them
None of the above
I don’t know the answer
6
Investors usually invest in a company via convertible debt (note) because:* This field is required.
Founders and investors could not (or didn’t want to) agree on the current startup valuation
Founders and investors have previously agreed on the startup valuation
Founders and investors have fixed the startup valuation for a certain period (e.g., 2 years’ time)
None of the above
I don’t know the answer
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