Term sheet

Once you get a term sheet, you may either continue negotiations or accept the VC’s offer and start receiving capital. What’s included in the term sheet?
- Amount offered
- Value of the venture on the day the term sheet was created
- Capital structure of the company
- Conversion schedules
- Voters’ rights
- Rules according to board of directors
- Other relevant terms
The starting point to obtaining a term sheet is to contact investors with your plan.

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