ongoing · Bouncing Termsheets

Way back in January, Tim Bray wrote a good basic introduction to the VC Term Sheet.

I’ve been hearing these stories, several times in the last month, from both here in Vancouver and down in the States, of entrepreneurs having drop-kicked a VC termsheet and walked away, on the basis of terms and/or valuation. If you don’t know what this jargon means, a crash lesson on how the VC process works. For those who do know, a few remarks on VC trends.

If you are working at a startup, or considering it, these are important concepts to know about. I guarantee that you will hear about this stuff more thank you think you will when you take your job.