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Take a look at the Model Legal documents from the NVCA: https://nvca.org/resources/model-legal-documents/ (free to download, requires giving up email) It is typical that the term s…

I'm no fan of long term sheets, but IMO, this term sheet doesn't just punt that term to definitives; it gives me the expectation that all investors will receive "major investor" ri…

Question: how did you think about giving pro-rata & information rights in this term sheet? It looks to me that the Other Rights & Matters section grants it to _all_ investors. Is t…