Venture Deals
- 5-15k for early stage round lawyer; they should usually cap fee or take on spec of the deal.
- Elevator pitch - product, team biz in 1-3 paragraphs very clearly.
- Exec summary-1-3 pages for brand new ppl
- All about substance
- Problem you are solving, why your approach is better, etc
- Burn rate should be clear and accurate
- Include a demo
- Links on main page
- Accelerated vesting on acquisition can be important to founders but contentious to VCs
- In negotiating the term sheet
- Never present terms
- Listen more than talk.
- Have a strategy - what matters