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What are examples of good startup term sheets?
Never accept the first term sheet. The first term sheet is a lie. T will furthermore not know what to do if you do. "Bob, uum..he accepted the first term sheet, what do we do now?" "I don't know, this has never happened before, better ask a partner what to do. Damnit, why did he do that, I've already nearly finished the second one."
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We could either accept it or leave it for a second term sheet, what do you think? Then we need to do something, it is going to be a long term. Oh, it is going to, I really hate these two idiots, what else can we do? So that we might save ourselves for the following year. Okay, then we do that and save up. But then I'm going to go home and do this right? Dammit, Bob It still isn't clear why we have two partners and not more, but we'll start taking the second term paper on Friday, that's the plan. It was at that moment that she was summoned to the Headmaster's office. That was her first day at work at Hogwarts, she had spent a great deal of time and effort building her self-esteem, so that she would be able to speak up.
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