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A term sheet first summarizes the material terms of a financing transaction. Term sheets are normally not legally binding (with certain exceptions, such as confidentiality and exclusivity) but they are generally thought of as morally binding.

A weekly roundup of some interesting articles and resources we've found. Links compiled by Ryan Crane.

A trend in 2017 was the general increase in corporate venture capital, which grew to more than $37.4 billion, with a substantial increase in the total number of deals from the previous year. However, the corporate VC often comes with a catch. 

In 2017, VC investing focused on certain hot sectors. Artificial intelligence was all the rage with more than $5 billion invested. Cybersecurity also continued to be a popular area with a 40% increase from the prior year to more than $3.6 billion invested. Fintech, as a broad category, saw increasing investment with $6.5 billion invested and genomics funding grew by 142% last year to $2.5 billion. Here are key takeaways from our recent QuickLaunch University webinar on the hot sectors VC investors are watching in 2018.

During our January QuickLaunch University webinar, we were joined by three leading venture capital investors to discuss trends and themes in VC funding and what to expect in 2018. The panel discussion included insight on industries to watch, early-stage investing and corporate VCs.

Earlier this year, WilmerHale Partners Dave Gammell, Barry Hurewitz and Jeff Johnson discussed the basics of licensing and legal considerations for university licensing agreements. Here are five things startups need to know about university licensing.

WilmerHale Partners Josh Fox and Laura Schneider and Counsel Ariella Feingold recently explored common employment law issues and what you can do now to minimize the risk of expensive legal headaches down the road. They also shared six things that startups need to know about hiring your first employees and letting them go when necessary.

WilmerHale Partners David Haber and Ed Pease presented on the fundamental concepts around founder equity and founder agreements, and shared seven things that startups need to know about founder equity.

WilmerHale Partners Mick Bain and Gary Schall presented on one of the basics of corporate formation: determining the right type of entity to create. They discussed requirements for entity choices and shared the six things startups need to know about C corporations.

As a founder, you need to be scrappy, take care of that bottom-line. We get that, we’re all for a DIY approach when it makes sense (psst we even help you do that through our very free document generator). But, there is a fine line. There comes a time where you need to rope in the legal pros—a lawyer’s experience and knowledge that comes from hours and hours of advising startups, doing deals and even cleaning up DIY-that-went-wrong is your best bet for the long-term.