A term sheet is like the beginning of a wedding engagement, with many issues to discuss.
Throughout the fundraising process, the entrepreneur focuses on securing a term sheet from an investor. At the moment that one is received, there is a natural sense of accomplishment. That feeling is warranted; an investor has shown confidence in you and your plan. However, the term sheet is not the end; it is only the beginning of the commitment.
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3.030406_The-Term-Sheet-is-Only-the-Beginning.pdf
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3.03_Pitching the Opp, V3_Starting a Company
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