Are Term Sheets Really Nonbinding?3.30.2023
As a first time founder, I remember running from pitch to pitch trying to close that first round of funding, dreaming of a huge valuation that would be clickbait for the press, paper over my entrepreneurial insecurities, and be my user-growth silver bullet.
Hollywood’s exclusive parties include only the hottest A-listers. Exclusive sales are advertised only to a boutique’s biggest spenders. The world has its own take on exclusivity: Investors and buyers routinely insert an “exclusivity provision” into of companies they’re looking to fund or buy.
What’s in a VC Term Sheet?6.23.2016