Wilson Sonsini Term Sheet Generator

In 1999 I worked at Petstore.com (a competitor to the sock puppet firm) and we used to joke that we were going to create a website "termsheet.com" which would generate a term sheet we could then use in negotiation with VCs. WSGR built it! Now every entrepreneur will be able to say to a VC, "we have a term sheet...and need to know whether you are in or out..."

I wrote a review of the WSGR term sheet generator here:

http://www.altgate.com/blog/2009/04/law-firm-wilson-sonsini-...

Re: Wilson Sonsini Term Sheet Generator

#5

Post by BRadmin » Thu, Apr 23, 2009, 4:58 AM UTC

Yokum is good people, constantly helping the entrepreneurial community understand the legalities and intricacies of funding and organizing start-ups.

Check his website: http://www.startupcompanylawyer.com/

Re: Wilson Sonsini Term Sheet Generator

#6

Post by fnazeeri » Thu, Apr 23, 2009, 5:11 AM UTC

BRadmin wrote: post #5

Yokum is good people, constantly helping the entrepreneurial community understand the legalities and intricacies of funding and organizing start-ups. Check his website: http://www.startupcompanylawyer.com/

Totally agree.

Re: Wilson Sonsini Term Sheet Generator

#7

Post by jamiequint » Thu, Apr 23, 2009, 6:24 AM UTC

frisco wrote: post #3

jamiequint wrote: post #2

now if I could only find the Sequoia one...

Sequoia uses WSGR for counsel.

it was a joke

Re: Wilson Sonsini Term Sheet Generator

#8

Post by yokumtaku » Thu, Apr 23, 2009, 7:09 AM UTC

fnazeeri wrote: post #6

BRadmin wrote: post #5

Yokum is good people, constantly helping the entrepreneurial community understand the legalities and intricacies of funding and organizing start-ups. Check his website: http://www.startupcompanylawyer.com/

Totally agree.

Thank you for the kind words.

Re: Wilson Sonsini Term Sheet Generator

#9

Post by nialllarkin » Thu, Apr 23, 2009, 1:12 PM UTC

Do YC provide companies work with a standard term sheet?

Has anyone checked to see what WSGR comes up and compared it to the standard YC term sheet?

Re: Wilson Sonsini Term Sheet Generator

#10

Post by ajju » Thu, Apr 23, 2009, 2:23 PM UTC

Good stuff. WSGR continues to shine in helping entrepreneurs!

WSGR is literally a 'textbook' example of what a good law firm is. In my graduate entrepreneurial finance class, we studied a case where an entrepreneur had to choose between giving Rosati a non-trivial amount of equity in return for legal services or going to another law firm. Not knowing how important good lawyers are, when the professor suggested going with Rosati was the best course of action, I strongly argued against it. Since then, every time I have encountered a story about WSGR (often about Yokum and often on HN), I have been reminded of how wrong I was.