If a term sheet is longer than 2-3 pages, chances are that 90% of the provisions are aimed at situations which almost never occur. This no-nonsense templates aims to make the life of founders, VCs, and maybe even their lawyers a little easier.
This is brilliant. Thank you @chrija and Point 9 team for creating a streamlined term sheet. This will save *SO* much time & money for all parties involved in a financing.
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Great Document. Quite well standardised! Also, @chrija what do you think about Shareholders' Agreement (Standardised Founders' Agreement) template at https://www.producthunt.com/post...
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The 2-page term sheet is a far better offering for investing in a new start-up
@ourielohayon we’re open to that too. The TS template is not exhaustive in the sense that we insist on it. It just means we won’t push for other terms.
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The 2-page term sheet is a far better offering for investing in a new start-up
Pros:Easier to navigate and close the deal
Cons:Might miss some unforeseen incidences
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