When raising money from VCs, founders will ideally be faced with multiple term sheets before moving forward with executing their funding round. However, especially for first-time founders, term sheets can be complex to navigate. Joining us to explain how term sheets work is Tom Wilson, Partner at Seedcamp.
Based on his background in VC law and now as an investor, Tom’s talk revolves around what founders should hope to see in a term sheet and what they should aim to avoid. To get started, it is important to understand that while term sheets are not legally binding, they are considered morally binding. Expect to learn how to balance the economics, investor protection and governance of your term sheet to ensure that your fundraise sets you on a firm foundation.
Builders' Studio: a Founder School by Slush