The Funded Publishes Ideal First Round Term Sheet | TechCrunch
Adeo Ressi, founder of The Funded, a site where people rate venture capitalists and the Founder Institute, an incubator of sorts, has long ranted about what he calls "the atrocities of investors." Now, a lot of people, including prominent angel investors and venture capitalists, are starting to listen to him. Tomorrow Ressi will announce a new, basic term sheet for use by investors and founders. The goal is to protect founders and reduce legal fees, which average $50,000 or more per venture round.
The Funded Publishes Ideal First Round Term Sheet | TechCrunch The Funded Publishes Ideal First Round Term Sheet Michael Arrington 11:40 PM PDT · August 23, 2009 Adeo Ressi , founder of The Funded , a site where people rate venture capitalists and the Founder Institute , an incubator of sorts , has long ranted about what he calls “the atrocities of investors.” Now, a lot of people, including prominent angel investors and venture capitalists, are starting to listen to him. Tomorrow Ressi will announce a new, basic term sheet for use by investors and founders. The goal is to protect
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