Plain English Term Sheets

The Term Sheet – that enigmatic, not quite binding legal document that every entrepreneur both craves and fears.  There is no shortage of resources to help one understand a term sheet but there are a few worth highlighting.  I’d be remiss to not mention Brad Feld’s term sheet series over on his blog or his book Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist.   Brad is one of the early pioneers of demystifying term sheets and deserves being mentioned first.

In addition, Founders Fund has a Transparent Termsheet section on their website that allows you to plug key terms into a calculator and play around with various exit scenarios.  They also have their own plain english guide to a term sheet as well.

Finally, embedded below is probably the most plain english term sheet I’ve come across yet.  Provided by UK based Passion Capital.

Check ’em all out!

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