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Brad Feld's blog should be the first thing you read if you get a term sheet (or even better - if you start trying to raise $). He helps explain these things in plain english and what they look like in lawyer terms as well.



Jesus, no. You go talk to your experienced lawyer about the term sheet.

Not that Brad is wrong about anything.

It's just that this isn't a software package where you can google around and read a few blog posts and get up to speed.

A good lawyer will be familiar with what is going on, current terms, etc.


Of course you use a lawyer, but you should understand it as well.


And you should do your part first so that you can ask the lawyer the tough stuff instead of paying $X00/hour for Law 12.




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