Understanding Venture Capital Term Sheets
Posted in Private Equity, Venture Capital on October 24th, 2009 by MyCapital Team 1 CommentA term sheet is a document that sets out the basic terms and conditions under which the VC will invest in your company. Work completed in the due diligence phase of the funding process is used to draft this document. The term sheet is generally non-binding and is used as a template, along with further due diligence, to draw up more detailed legal documents.
