VDR Ch. 15: Why Do Term Sheets Even Exist?
November 10, 2017 | By Vela Wood
Office Hours is a podcast hosted by Vela Wood venture attorneys Kevin Vela and Aaron Terwey covering general issues related to small businesses and startups. Venture Deals Review is a series of Office Hours episodes discussing the book Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist by Brad Feld and Jason Mendelson.
In this episode, we review Chapter 15: “Why Do Term Sheets Even Exist?” and discuss what the term sheet negotiation process establishes, as well as transaction costs and reputation constraints.
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- Venture Deals Review Ch. 4, Part 2: Economic Terms of the Term Sheet
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