5 ms·
Good point. I think a good strategy would be, * Spend an entire night reading the term sheet yourself. Your interests in a good outcome (as founder) may uncov
by todsul 15y ago
Good point.
I think a good strategy would be,
* Spend an entire night reading the term sheet yourself. Your interests in a good outcome (as founder) may uncover details others have missed.
* Ask other founders (who've previously taken investment) to look at the agreement too. A fresh set of (experienced) eyes can't hurt.
* Make the most of lawyers. They've certainly been around the block too, but the trick is to tap their knowledge and not incite a fee-charging frenzy.
* Lastly, search for terms you don't know and try to understand everything. After all, for most of us, it would be one of the most significant moments of our lives.