This is Episode 15, and today we’re diving into a crucial topic: the venture capital term sheet. You’ve probably heard this term thrown around, but what does it actually mean for you as a founder? Think of today’s episode as your crash course in demystifying term sheets. We’ll break down the key components you need to understand, from valuation and equity percentages to voting rights and liquidation preferences. We’ll also explore the potential risks involved, common pitfalls to watch out for, and how you can leverage this knowledge to negotiate smarter and secure the best possible deal for your startup.