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Viesearch·
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@espressocapital2editor·
Negotiating a term sheet? Be sure to avoid these 5 pitfalls.
A term sheet is an agreement that lays out the terms of the funding, thereby formalizing how much of your relationship with your investor will work. And while a fair and balanced term sheet will benefit everyone, they’re often written in a way that gives the investor the advantage. If you’re not careful, you could wind up signing a term sheet where you give away more equity than you intended or even lose control over your business.