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Texas Health CoLab Learning Series: The Mechanics of Term Sheets

Location: Health Discovery Building Auditorium

Address: 1601 Trinity St., Building B, Austin, Texas 78701 | View Map »

Date: Thursday, September 19, 2019

Time: 3–4:30 p.m.

Contact: Verena Kallhoff

About the Event

You decide to start a company and are lucky enough to find investors to fund your venture. You then receive a term sheet — wait, what? It feels like you are reading another language. Help!

During this installment of the Texas Health CoLab Learning Series, we will explore the mechanics of term sheets, covering the basics and some key issues such as:
• What is the difference between pre-money and post-money valuation?
• Option pools. Time for a swim?
• What is a liquidation preference, and why does it matter?
• The cumulative dividend trap;
• The realities of valuations for startups;
• Anti-dilution preferences (what could go wrong?).

View the Evenbrite page for streaming locations.

About the Speaker

Yash Sabharwal is an accomplished serial entrepreneur in life sciences. Sabharwal co-founded his first company, Optical Insights, in 1997, and it was acquired in 2005. In 2010, Sabharwal joined the technical co-founders of Xeris Pharmaceuticals, where he served as COO and CFO from 2011 to 2016. Under his leadership and guidance, Xeris raised over $60 million in private capital and $15 million in nondilutive funding.

Sabharwal is currently CEO of NanoMedical Systems, which he joined at the beginning of 2017 to help commercialize drug delivery and diagnostics products based on their proprietary nanochannel and nanoporous technologies. He is also co-founder and CEO of CherryCircle Software, Inc., which develops cloud-based, knowledge-management solutions for lifecycle product management in the pharmaceutical and medical-device industries.