So in the failure case, very little of it matters, but in the success case the VC industry can be exceptionally predatory - participating preferences, multiplie

So in the failure case, very little of it matters, but in the success case the VC industry can be exceptionally predatory - participating preferences, multipliers, etc. etc. etc. Honestly, it takes no time at all to have clean term sheets and you don't have the option to fix it later.