The Angel Association in conjunction with Angel HQ and Simpson Grierson ran a workshop at PwC in Wellington yesterday on Term Sheets. The instructional part of the course was well delivered by Simon Vannini (Simpson Grierson), but the most interesting part of the afternoon was the panel discussion led by David Beard (Movac), Brent Ogilvie (Pacific Channel), Andrew Turnbull (ICE Angels) and Gavin Milnes (No 8). The attendees liberally related war stories and shared past foibles in a frank yet lighthearted way, which was worth the price of admission.
NZVIF have a Guide to Term Sheets (including sample documents) which covers most of the material we talked about, and is a great place for entrepreneurs and angels to start.