From the painstakingly obvious in retrospect why did nobody think of it before department: London-based early-stage VC Passion Capital has updated its standard Term Sheet so that it’s written entirely in plain English. For those of you who have never had to navigate a venture capital Term Sheet, the document outlining the terms of any proposed investment, they are usually worded by the legal profession, and as a result, dense in legal-gobbligook. Why are they written that way, you may ask? Part of the answer is that’s just the way it’s always been done.
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A Term Sheet Written In Plain English? Put That In Your Silicon Valley Pipe And Smoke It
via Arne Ruhnau News http://arneruhnau.com/a-term-sheet-written-in-plain-english-put-that-in-your-silicon-valley-pipe-and-smoke-it/
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