3 ms·
Considering how much time and work (3 months of back and forth on DD is not uncommon) it takes you to get to the point of getting a term sheet, I doubt it. Doub
by greghinch 14y ago
Considering how much time and work (3 months of back and forth on DD is not uncommon) it takes you to get to the point of getting a term sheet, I doubt it. Doubled by the fact that, until this posting, every VC I've heard of asks you to pay legal fees.
Now some add other fees on as well. This is considered less scrupulous and should be rejected. But to make things easy, ask about fees up front, not when you are getting a term sheet.
- jacquesm 14y agoIt is very well possible to have a terms sheet ahead of the DD.