VDR Ch. 15: Why Do Term Sheets Even Exist?
By Vela Wood
Office Hours is our podcast 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.
- Here’s Why Dallas Is Primed For ‘Series A’ Funding
- Terms Sheets 101: Convertible Debt vs. Equity
- Keep Your Early Rounds Small, Your Valuations Reasonable, And Close Quickly
- Venture Deals Review Ch. 4, Part 2: Economic Terms of the Term Sheet
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