Step 1 - Learn About Key Terms

<aside> 💡 Don’t wait until you get a term sheet to understand how the key terms work. It will put you in a poor negotiating position. When learning about terms, view them through the lens of control and economic incentives. How much control am I giving to the investor? What are the economic incentives we are agreeing to?

</aside>

What is a term sheet?

https://youtu.be/VBhk_AO0CsE

Price

https://youtu.be/NgJpjGHnvDM

Liquidation Preferences

https://youtu.be/s7M0U_QVGY8

ESOPs

https://youtu.be/4z3DxaZLYb4

Anti-Dilution

https://youtu.be/r7T5dszNg24

Drag and Tag Along Rights

https://youtu.be/9wIpCGw6D9o