5.6 · Next Steps5.6 · 下一步 Founder-to-investor, no intermediary创始人对投资人,无中间人

Six Steps, None of Them Binding

六步,每一步都不产生义务

The process is deliberately front-loaded with the cheapest, highest-information step: thirty minutes with the founders. Everything after that is optional and reversible.

整个流程有意把成本最低、信息量最大的一步放在最前面:与两位创始人谈三十分钟。之后的每一步都是可选且可撤回的。

5.6

Next Steps下一步

Six steps, no obligation at any of them六步,每一步都不产生义务

Step 1 · This week第1步 · 本周内

30-minute closed-door call30 分钟闭门沟通

No deck required. We would rather answer the hardest three questions first.不需要看 PPT。我们更愿意先回答最难的三个问题。

Step 2第2步

Mutual NDA双向保密协议

Simple, mutual, no traps.简洁、双向、无陷阱条款。

Step 3第3步

Data room opened开放数据室

Patent acceptance and preliminary-examination documents, pilot batch records, the full cost model, and the engineering design for module #1.专利受理与初审合格文件、中试批次记录、完整成本模型、模块 #1 工程设计。

Step 4第4步

Site visit and a cupping session现场考察与一次杯测

Guangzhou. Walk the pilot bay, then taste what the process produces. Judge the technology with your own senses, not with our slides.广州。走一遍中试舱,然后尝一口这套工艺的产出。用你们的感官判断这项技术,而不是看我们的幻灯片。

Step 5第5步

Terms and diligence条款讨论与尽职调查

Round size, valuation and milestone structure are all negotiable.融资额、估值与里程碑结构均可协商。

Step 6第6步

Closing交割

Target 45 days from first meeting to funds in.目标:首次会面至资金到账 45 天内完成。

Start with the 30 minutes从这 30 分钟开始

Dialogue is founder-to-investor, no intermediary. If the technology does not stand up to your team's scrutiny in the first half hour, nothing else in this document matters.

对话是创始人直接对投资人,无中间人。如果这项技术无法在头半小时内经受住你们团队的审视,本文件其余内容都无关紧要。

A closing note on why we are approaching you now关于为何此刻接触你们

We could have waited until the grant, or until the first shipment, and raised at a multiple. We are approaching partners now because the value of an early partner is precisely the part that cannot be bought later: influence over how the process is industrialised, and the supply-chain capability that shapes the cost curve from the beginning.

我们本可以等到专利授权,或者等到首批出货,届时以更高倍数融资。我们选择现在接触合作方,是因为早期合伙人的价值恰恰是后来买不到的那部分:对工艺如何工业化的影响力,以及从第一天就塑造成本曲线的供应链能力。

Term Sheet条款清单Technology & Trial Field技术与试验田Use of Funds资金用途Return Scenarios回报情景Risk & Governance风险与治理Next Steps & Contact下一步与联系
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Risk & Governance风险与治理