From the painstakingly obvious in retrospect why did nobody think of it before department: London-based early-stage VC Passion Capital has updated its standard Term Sheet so that it’s written entirely in plain English. For those of you who have never had to navigate a venture capital Term Sheet, the document outlining the terms of any proposed investment, they are usually worded by the legal profession, and as a result, dense in legal-gobbledegook.
Why are they written that way, you may ask? Part of the answer is that’s just the way it’s always been done. So, Passion Capital, being one of the newer firms on the European VC block, has decided to buck the trend. And in doing so, the early-stage VC, run by Stefan Glaenzer, Eileen Burbidge and Robert Dighero, is inadvertently challenging the rest of the investment community to follow suit.
To read the original article: A Term Sheet Written In Plain English? Put That In Your Silicon Valley Pipe And Smoke It | TechCrunch
