- ARPDAUPosted 4 years ago
- What’s an impressive conversion rate? And other stats updatesPosted 4 years ago
- Your quick guide to metricsPosted 4 years ago
More in the 50 Questions Series50 questions: What is product/market fit, and why does it matter to your startup? | How does a VC value a business? | 50 questions: Do i need “competitive tension” in my fundraising process? |
50 Questions: What are the Key Terms in a Termsheet? (Part 1 of 2)
Together with Nic Brisbourne of The Equity Kicker / DFJ Esprit, I am writing a series of 50 questions you should ask when raising venture capital. We expect the series to run for a year, after which we will collate the answers into a book. We view this as a collaboration, so please comment to help make this series even more useful. This is #31 in the series.
If your pitch documents are written well, and your business idea is a good one, and you are impressive, and you are lucky, and, and, and… then you will hopefully be on the receiving end of a termsheet, and ideally more than one. A termsheet is usually a longish document of 3-10 pages with many clauses and terms. In this post Nic Brisbourne lists the most important of those and explains what they mean.
For more, go and read 50 Questions: What are the Key Terms in a Termsheet? on the Equity Kicker. Hungry for more? Go to the 50 questions homepage for more insights into venture capital.