US NVCA Term Sheet Template
The US National Venture Capital Association published a term sheet template that is widely used by founders & VCs.
Contrary to Y Combinator’s template, it’s much longer and more detailed.
The template also includes variations on some clauses, which clearly shows there is leeway for negotiation.
Read through it once. What strikes you most? What % of this document do you understand? What is clearer? What is very difficult to understand? Let us know in the Comment section below.
Questions or comments? Apply here to become a member of our Founders & VC community.
Want to know more about Term Sheets? Why not try our SMS-based course! 30 days, 30 SMS covering all non-economic clauses in VC term sheets. Click here: tytc.me/ts-sms
Sorry, there were no replies found.