You’ve been pitching your startup to investors for months, and, finally, you’ve got results: a term sheet (hopefully more than one) from an investor interested in funding you.
A term sheet can take many forms (a single page or up to 7 or 8), and if you’re a first-time entrepreneur, you’ll be confronted with terms and conditions that sound like they come from an alternate universe populated by lawyers. The term sheet is an outline of the eventual terms under which the investment will be made, so my preference from an entrepreneur’s perspective is for the more comprehensive term sheet covering all of the primary points of the investment negotiation.
To read the original article: 4 critical things to watch on your investment term sheet | VentureBeat
