11 Term sheets: An institutional investor wants to invest in you
This chapter covers
- Unlocking a VC investment—what will it take to see a term sheet from them?
- What are all these terms in the term sheet, and how do you make sense of them?
- Difficult and maybe harmful terms—can you spot such deal-breakers in time?
After you have been operating self-funded, or friends-and-family funded, or maybe individual-angel-funded, your next step is an institutional round. You should have the following in place and feel good about them:
- Your team, and how perfectly they are suited to this opportunity
- Your messaging about the problem, how it is not being sufficiently solved, how you solve it, and the size of the opportunity (see anecdote 6, “Angels: ...
Get Tech Startup Toolkit now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
