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by incomethax
5261 days ago
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The term sheet is a negotiated instrument. In rare cases (Facebook, Google, etc.) VCs don't have the leverage to have these terms in the deal and still get the deal. In those circumstances their fiduciary responsibility is to try and get in on the deal they know will likely go big, even if they can't get everything they want. Point is, traction and growth are very sexy for a VC. |
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