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More in the 50 Questions SeriesWhat is venture capital? | 50 questions: Should I hire an adviser? | 50 questions: How does a VC consider competition? |
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.