You can close an angel round with ‘mass syndication’ Start with terms and valuation below market. What you want in your term sheet. What you don’t want in your term sheet. This isn’t comprehensive term sheet advice. Memorize the term sheet before your first meeting. MORE >>

Here’s an outline and transcript: You can close an angel round with ‘mass syndication’ Start with terms and valuation below market. What you want in your term sheet. What you don’t want in your term sheet. This isn’t comprehensive term sheet advice. Another future. Interview. MORE >>

Founders Institute Plain Preferred Term Sheet (by WSGR – disclaimer, I represent the Founders Institute and was involved in drafting this document). This post assumes that you have a basic understanding of Series A financing terms.  TheFunded released their “Plain Preferred&# term sheet in August 2009.  MORE >>

As needed, be ready to offer sweetheart terms to the first person to take the plunge. Thus, there is tremendous marketing value in a name brand lead, and the more effort you put into finding one-- even if s/he is investing a relatively small amount-- the easier the rest of the process will be. To wit: 1. function. Clever. Good points. MORE >>

In the end we got funded by a big name , but I met plenty of lesser names I would gladly be funded by. In a second I'd choose someone I like/respect/trust/think is a good fit at a no-name firm vs someone I don't at a big name firm. They're going to be with me long-term. I'm new at this. Background. Bad idea. MORE >>