Stratus cloud Stratus cloud Stratus clouds are low-level clouds characterized by horizontal layering with a uniform base, as opposed to convective or cumuliform clouds that are formed by rising thermals. More specifically, the term "stratus" is used to describe flat, hazy, featureless clouds of low altitude varying in color from dark gray to nearly white. The word "stratus" comes from the Latin prefix "strato-", meaning "layer". Stratus clouds may produce a light drizzle or a small amount of snow. These clouds are essentially above-ground fog formed either through the lifting of morning fog or through cold air moving at low altitudes over
Term sheet sheet typically includes conditions for financing a startup company. The key offering terms in such a term sheet include (a) amount raised, (b) price per share, (c) pre-money valuation, (d) liquidation preference, (e) voting rights, (f) anti-dilution provisions, and (g) registration rights. It is customary to begin the negotiation of a venture investment with the circulation of a term sheet, which is a summary of the terms the proposer (the issuer, the investor, or an intermediary) is prepared to accept. The term sheet is analogous to a letter of intent, a nonbinding outline of the principal points which the stock