My recent posts in this series have offered thoughts on what to write in pitch documents aimed at VCs. If those documents are written well, and your business idea is a good one, and you are impressive, and you are lucky, and, and, and… then you will hopefully be on the receiving end of a termsheet, and ideally more than one. A termsheet is usually a longish document of 3-10 pages with many clauses and terms. In this post I list the most important of those and explain what they mean. A lot of what you read below is drawn from the excellent Venture Deals: Be Smarter Than Your Lawyer And Venture Capitalist by Brad Feld and Jason Mendelson which I thoroughly recommend to anyone thinking of doing a venture deal.
To read the full, original article click on this link: 50 Questions: What are the key terms in a termsheet? (Part 1 of 2) « « The Equity KickerThe Equity Kicker
Author: Nic Brisbourne
