Most founders treat the M&A term sheet as a formality.
It’s not — it sets the anchor for price, structure, and leverage, and once signed, it’s very hard to change.
Here's a new Bowery Legal apost that provides a quick breakdown of what to watch for and why it matters.
What can startup founders learn from a world-class charity auctioneer?
A lot more than you'd think.
@LydiaFenet, the Founder and CEO of Lydia Fenet Agency, has raised over $1B with nothing but a mic, a crowd, and pure sales genius. In our latest episode, she breaks down how auction psychology translates directly to fundraising, enterprise sales, and closing high-stakes deals.
If you’re closing big deals, this deserves your attention.
if the Eagles lose they have no one to blame but Nick Sirianni for appointing a terrible OC because he's a pal & then not reassigning play calling when it was clear that the OC was horrible
wasting an elite defense because you wanted to let your buddy call offensive plays
Stock options are a common form of equity compensation that startup founders use as a tool to attract talent, reward early contributors, and enable others to share in the future growth of their company. Here is a great guide from us.
https://t.co/bak8aHhDX2
𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: 𝐌𝐚𝐫𝐤 𝐏𝐞𝐭𝐞𝐫 𝐃𝐚𝐯𝐢𝐬 𝐨𝐧 𝐏𝐨𝐰𝐞𝐫 𝐋𝐚𝐰𝐬, 𝐒𝐞𝐜𝐨𝐧𝐝𝐚𝐫𝐢𝐞𝐬, 𝐚𝐧𝐝 𝐖𝐡𝐲 𝐕𝐞𝐧𝐭𝐮𝐫𝐞 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐈𝐬 𝐚 𝟐𝟎-𝐘𝐞𝐚𝐫 𝐀𝐩𝐩𝐫𝐞𝐧𝐭𝐢𝐜𝐞𝐬𝐡𝐢𝐩
From 200+ portfolio companies to 9 unicorns, 15 co-founded startups, and a half-billion-dollar platform — this conversation is a masterclass in building an institution, not just a fund.
Highlights from my conversation with Mark Peter Davis (@mpd )
(0:00) Introduction
(0:31) Evolution and counterintuitive lessons in venture investing
(3:25) Reconciling investment worldviews and managing liquidity
(7:35) Decision-making and aligning VC incentives with LP interests
(12:03) Building an enduring institution and measuring success
(18:07) Achieving access to competitive deals and proprietary deal flow
(24:24) Competitive tension's impact on investment support
(27:19) Integrity and resources in VC partnerships
(30:02) Entrepreneurial experience's value in venture capital
(32:24) Startups' challenges and the role of pattern recognition
(35:24) Unlearning and cognitive restructuring in entrepreneurship
(37:23) Mastering the complexities of long-term entrepreneurship
(38:11) Timeless advice for aspiring entrepreneurs and enduring success
(41:51) Closing remarks
🎥 Full episode below 👇
Reminder that Eric Broad will be co-hosting a sell-side M&A webinar this week. If you, or anyone you know, are a founder that is preparing for an exit sometime in the coming months or years come join us on Nov. 5 from 12pm-1pm EST.
Link to register: https://t.co/JVdLtfnqRw
On July 4, 2025, President Trump signed into law H.R. 1 – commonly referred to as the One, Big, Beautiful Bill (OBBB) – introducing substantial reforms to the Qualified Small Business Stock (QSBS).
https://t.co/sG4tAsq0yW
Startup founders: Choosing where to incorporate isn’t just paperwork — it shapes your governance, funding, and exit path.
💼 Why Delaware still leads
🌎 Who’s catching up (WY, NV, TX)
📈 Trends in 2025
👇 A practical guide from @BoweryLegal
https://t.co/B2BfrsHL9N