Welcome to the Thunder Founder Newsletter Issue #18!
Congratulations! You landed a VC that wants to invest. Now what? Do I just accept the term sheet they give me or should I push back? How do I negotiate? What is considered a good deal?
There are so many questions about the term sheet process, and many founders have no idea what to do when they receive one. You must understand what the different terms are since they can have drastic impacts on your startup and future raises. While it is always good practice to have a lawyer involved, founders need to have an insight into the process and the impact.
Thunder is teaming up with Eric Broad from Bowery Legal, a firm solely focused on serving venture-backed startups, to discuss how a founder should negotiate term sheets and how to learn more about the process. Join us on April 13 @ 1 PM ET to learn more about the legal side of VC fundraising and what is important to know as a founder. RSVP Here
If you're ready to raise capital, let us know and upgrade to Premium to unlock your targeted investor list of who will have a higher probability of investing. All premium clients receive a complementary consulting session with Jason Kirby, Managing Partner at Thunder. Upgrade Here
What the Experts Have to Say
7 Tips for Founders When Negotiating Term Sheets with VCs
This article provides some excellent tips and tricks for how to navigate receiving and negotiating your term sheet. Alex walks you through some practical points of what to do and what to avoid. Read More
Term Sheet Overview
This provides an overview of different terms that will need to be negotiated in the term sheet. It is always good to know them, even if you have a lawyer helping you. Read More
Negotiating to Reach a Fair Term Sheet
Carl Showalter from Opus Capital teaches a class at the Wharton School of Business on getting to a fair term sheet. Watch Here
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Written by Jason Kirby - https://www.linkedin.com/in/jasonrkirby
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