What should I include in a term sheet for my startup?
An example of an AI chatbot conversation about legal advice for term sheets.
What should I include in a term sheet for my startup?
A term sheet typically includes key terms like valuation, investment amount, equity stake, and investor rights.
How do I determine the valuation of my startup?
Valuation can be determined through methods like comparable company analysis, discounted cash flow, or market conditions.
What are the common pitfalls to avoid in a term sheet?
Common pitfalls include vague terms, not addressing exit strategies, and overlooking investor rights.
Can you explain the difference between a term sheet and a contract?
A term sheet outlines the basic terms of an agreement, while a contract is a legally binding document that formalizes those terms.
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