Term sheet
A short, mostly non-binding document setting out the key terms of an investment before the long-form legals.
Price is only half of it — control, preferences and board seats live here too, so read past the valuation.
Hear it from people who've done it
Get the real-world version of "Term sheet" drawn from hundreds of conversations with founders and investors.
Ask the Network →Episodes on Fundraising
Perspective X with Pauline Fetaui · 19 June 2026
She Lost the Company She Built — Not Herself: Yas Grigaliunas (Part 2)
Investment Thesis with Kali Norman · 12 June 2026
Taryn Pieterse of Rampersand — How a VC backs early-stage founders
Investment Thesis with Kali Norman · 29 May 2026
Episode Five: Dan Coughlan's Investment Thesis
Due diligence
The investor's verification of your numbers, tech, legals and team before money moves.
Liquidation preference
The rule that decides who gets paid first, and how much, when the company is sold.
Board seat / observer
A right to a seat (and vote) on your board, or to observe without voting.
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