Database Demand Syndication Term Sheet 
Both Sides of the Table
APRIL 3, 2010
We had to buy expensive Sun servers, Oracle databases, Unix licenses and build complex software. We used the Y Combinator open source term sheet. We signed the term sheet within 48 hours and had funded in under 2 weeks. If you accept my terms you’re done. They elected to sign my term sheet.
David Teten
DECEMBER 3, 2019
I use another live Google doc to maintain my database of companies I’m marketing to other VCs. Tim Friedman, Founder, PE Stack , said, “If I could offer one piece of advice to today’s managers, it would be to take the time to understand the demands of the modern institutional LP. 3) Raise capital.
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