On October 12, 2018, Ron Watson shared all about term sheets, deal docs and his experiences as principal at Lewis & Clark Ventures at our InSITE Workshop.
Ron Watson is Principal at Lewis & Clark Ventures. Lewis and Clark is a Series A and B venture capital fund that mainly works with technology, software and software-enabled gadgets. Ron received his PhD in Political Science at Washington University in St. Louis. He also worked as a Management Consultant for 7 years at A.T. Kearney.
Ron explained the inner workings of his position at Lewis & Clark including his travels to get to know businesses, finding deals, going through the funding process and persuading colleagues of strong investments. He also provided a break-down of what term sheets are, why they are used and how different companies use them to their advantage. Ron believes that the combination of his consulting skills and academic background has provided him indispensable skills that he applies everyday on the job. These skills include creating relationships with companies to gain trust for investments, understanding markets and market operations, reading through reports and more.
Noah Fitzsimmons-Wiviott, President of InSITE and a second-year MBA student, found Ron’s visit valuable because getting “hands-on, real-world perspective from somebody who does this everyday for a living” is crucial, especially since many InSITE fellows are exploring venture capital and/or entrepreneurship for the first time.
“…to be able to hear [real-world perspective] from somebody who lives it everyday is an important experience.”
– Noah Fitzsimmons-Wiviott, CPA, MBA ’19