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ENT 405 · Unit 5 of 6

Term Sheets, Governance and Portfolio Support

Venture Capital and Startup Investing

Start unit · 4 lessons →

Learning objectives

  • Model portfolio construction and power-law outcomes
  • Apply "Term Sheets, Governance and Portfolio Support" to a real venture decision
  • Contribute to your Investment thesis one-pager deliverable

Unit overview

#LessonCore idea
1The Business Context for Term Sheets, Governance and Portfolio SupportCore frameworks for this unit
2Tools and Techniques for Term Sheets, Governance and Portfolio SupportCore frameworks for this unit
3Managing Complexity in Term Sheets, Governance and Portfolio SupportCore frameworks for this unit
4Term Sheets, Governance and Portfolio Support: Executive SynthesisCore frameworks for this unit

Complete all four lessons, then finish unit assessments on this page.

Unit assessment

Complete each section below. Score 80%+ on the quiz to finish this unit's assessment.

50% applied project30% case work20% knowledge checks

Exercises

Apply what you learned in this unit with structured practice.

ExerciseApplied practice: Term Sheets, Governance and Portfolio Support45 min
Complete a focused practice exercise on **Term Sheets, Governance and Portfolio Support**. 1. Choose a real company, product, or situation you know. 2. Apply one core framework from this unit to analyze it. 3. Write your analysis in 300–500 words with a clear recommendation. 4. Cite at least one credible source.

Deliverable

300–500 word analysis document saved to your portfolio under ENT 405.

Rubric

  • • Framework applied correctly (not just named)
  • • Specific evidence from a real example
  • • Clear recommendation with tradeoffs acknowledged
  • • Professional writing with source citation
ExerciseDrill: Term Sheets, Governance and Portfolio Support30 min
Work through the practice problems in the unit lesson without looking at notes. Then check your work against the lesson and write a short reflection: - What you got right - One mistake you caught - One concept to review before the next unit

Deliverable

Problem solutions + 150-word reflection in your ENT 405 workbook.

Rubric

  • • Attempted all practice items before checking answers
  • • Honest reflection on errors
  • • Identifies a specific review action

Case analysis

Analyze a case using frameworks from this unit.

CaseCase analysis: Term Sheets, Governance and Portfolio Support60 min
Analyze a real business case through the lens of **Term Sheets, Governance and Portfolio Support**. Choose a public company event, HBR-style case, or documented decision. **Deliverable structure:** 1. Situation summary (150 words) 2. Analysis using this unit's frameworks (400 words) 3. Recommendation (150 words) 4. Risks and what would change your mind

Deliverable

2-page case write-up in your portfolio.

Rubric

  • • Case facts are accurate and sourced
  • • Analysis uses unit frameworks explicitly
  • • Recommendation is justified with tradeoffs
  • • Risks are specific, not generic

Knowledge quiz

Check your understanding before marking the unit complete.

1. RelayOps standard Series A 1x non-participating preferred means at $300M exit Arbor Peak likely:

2. At $40M exit with 18% ownership and $10M invested, non-participating preferred pays:

3. Board composition RelayOps 4-person with one investor seat balances:

4. Pro-rata rights primarily help investors:

5. Side letters often capture:

6. Participating preferred with no cap is:

7. Lean syndicate on RelayOps reduces:

8. Waterfall models are used to:

Next unit: Investment Memos, Returns and Exit Outcomes →