There’s a term sheet on the table for a significant investment in an already established global player. The money will help their expansion in one of the most exciting market places at the moment. It’s a big investment, we expect it to be signed end of July, and it will be further proof that investment is available for good guys with a proven business model in an established industry sector.
Definitions of term sheet on the Web:
* Non-binding agreement setting forth the basic terms and conditions under which an investment will be made. …
* A summary sheet detailing conditions of investment opportunity.
* The Letter of Intent outlining the business, economic and legal terms of a possible investment from a venture capital investor. …
* A list of the major points of the proposed financing being offered by an investor.
* An agreement between the investor(s) and the founder(s) stating the conditions under which venture capital investment is made.