Top Three Term Sheet Mistakes Founders Make
Stephanie Zeppa, Partner, Sheppard, Mullin, Richter & Hampton LLP
Sana Choudary, CEO, YetiZen
After intense networking, intro requests, pitches you have finally landed a term sheet. Signing it will give you much-needed growth capital to take your startup to the next level. You will be able to hire more team members, build out the game, and zero in on the needs your best customers.
Most importantly, let you the founder get back to building the business instead of fundraising.
But not so fast.
This is usually when most startup founders agree to terms they regret later. Terms with massive impact on their future take home wealth and control of their startup.