For any founder, whether a first-timer or a serial entrepreneur, it’s an exciting moment when you receive a term sheet from a venture capital fund for your company’s first preferred stock financing round. Excitement aside, it’s important to digest, understand and negotiate the key provisions of the term sheet. Goodwin Technology partner Tim Poydenis summarized a few of the most common provisions that should be negotiated. Read the by-line in Crunchbase here.
In The Press January 21, 2021