Voice
Ventures and advisory
The operator-investor view on Funding: what makes a venture work, what a cap table is really saying and where the risk sits. General information only; real advice is led by the principals.
A term sheet sets out what investors propose to invest, what they receive and what the company must accept before closing. Founders should treat it as a commercial blueprint, not a formality, because a few lines can shape ownership, control and future fundraising.
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