Thanks to the team at Diligr for this one! We love working with great people to build on each others knowledge and experience so raising gets easier and easier.
As time consuming as term sheets can be to understand with no commercial or legal background, they are also the Holy Grail of any capital raise. If you get a term sheet, you are nearing the end of your fundraising journey and only a skip away from cash in your bank.
The mistake many founders make it leaving educating themselves on term sheets until one is actually given to them — and by then, it's a much more daunting task to learn on the fly while also negotiating. You want to be ready to go by the time the term sheet lands in your inbox so you feel confident fighting for the best terms for you and your business.
We've put together some resources to help make you a term sheet pro in no time.
<aside> 💡 If you have requests for other countries, or other videos, please request them here.
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If you need a better understanding of the basic terms and economics, check out our Term Sheets 101 series, which covers everything from liquidation preferences to conversions in short videos.
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https://embed.notionlytics.com/s/YmtZeGNFVnFhMkpPWjBGcGVIcEVWVVJuTlhnPQ==