In 1999 I worked at Petstore.com (a competitor to the sock puppet firm) and we used to joke that we were going to create a website "termsheet.com" which would g

In 1999 I worked at Petstore.com (a competitor to the sock puppet firm) and we used to joke that we were going to create a website "termsheet.com" which would generate a term sheet we could then use in negotiation with VCs. WSGR built it! Now every entrepreneur will be able to say to a VC, "we have a term sheet...and need to know whether you are in or out..." I wrote a review of the WSGR term sheet generator here: http://www.altgate.com/blog/2009/04/law-firm-wilson-sonsini-now-preparing-term-sheets-for-free.html http://www.altgate.com/blog/2009/04/law-firm-wilson-sonsini-...