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Venture Capital Investment Model Agreements Singapore

Since its inception, the NVCA Model Document project has been very successful and its model documents have reduced the costs and cycle times associated with venture capital financing. Following the success of NVCA, standardized documents have been developed in other countries for start-up venture capital investments, including in the United Kingdom under the auspices of the British Private Equity and Venture Capital Association and the Australian Investment Council. Q. Does this model agreement mean that VCs and start-ups can now enter into financing agreements without taking over the services of a lawyer? The documents refer to Series A-VC financing operations and line or seed-round investments. As has already been mentioned, the VIMA documents were drawn up on the basis of Singapore law and therefore contain Singapore law as a law in force and Singapore as a select dispute resolution forum. This includes the fact that, despite the growth of these investments, Singapore and the Southeast Asian region have not had an industrial standard for the documentation on venture capital financing (“VC”). To address this problem, the CSA and SVCA launched VIMA in October 2018. Doris Yee has more than 20 years of experience in investment and marketing technology. She has worked with entrepreneurs and investors and has worked as a director on the boards of portfolio companies in the United States (Silicon Valley), New Zealand and China. She was involved in the creation and was a member of the investment committee of the venture capital funds iGlobe Partners and iGlobe Treasury.

Since 2007, she has signed up as honorary secretary of the Singapore Venture Capital and Private Equity Association (SVCA), representing, private equity and venture capital institutions in Singapore. She currently serves as director who heads the secretariat. She is also an associate adjunct professor at the National University of Singapore. A incorporation model that reflects the terms of the standard shareholder contract can be a useful complement to VIMA documents. Launched on October 23, 2018, VIMA is a series of contracts that balance the interests of investors and equity parties, limit the scope of outstanding issues on which the parties are negotiating and help the parties reach common ground more quickly. The standard agreements, developed in a simple and user-friendly form, contain explanations designed to help users determine their position on the basis of their relative negotiating positions. The first set of documents covering the funding cycles prior to Series A and Series A is as follows: VIMA`s development process included industry-wide consultation and cooperation of more than 30 venture capital firms, national and international lawyers, Singapore agencies (including the Law Society) and Silicon Valley companies active in the region. , which took place during a series of roundtable discussions and consultations. These discussions and meetings with various stakeholders have contributed to VIMA being a pragmatic set of contracts that balances the interests of both the investor and the company, thereby reducing the scope of outstanding issues that require negotiations between the parties and thus enabling the parties to reach common ground more quickly. An appointment sheet sets out the main conditions under which an investor (or group of investors) will buy shares in a company.

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