Entrepreneurs Blogging About Term Sheets

In 2005, Jason Mendelson (my partner and co-author of AsktheVC) wrote what has become an extremely popular series dissecting the “term sheet.”  The feedback we got from it encouraged us to write several more series of blogs and ultimately led to us deciding to start writing AsktheVC to answer random questions from entrepreneurs.

Last Friday I pointed to a post from Dave Naffzinger (Judy’s Book) about Stock Options from an Entrepreneurs Point of View.  I woke up today to two more great entrepreneur posts on term sheets.  The first is from Dick Costolo (FeedBurner) titled Venture Terms – Liquidation Preferences and ParticipationThe second was titled Term Sheet Hacks was on a new blog titled Venture Hacks and written by Naval Ravikant (Vast.com) and Nivi (EIR at Atlas Ventures.) 

When I started this blogging thing back in May of 2004, I stated that I was motivated by Fred Wilson’s post on Transparency I love that smart entrepreneurs are adding to the body of knowledge out there around the funding process.  I’ve always been befuddled that a financing (both angel and VC) and the “term sheet” are such as mysterious thing.  It has been rewarding to get thousands of emails over the past two years thanking me / Jason for what we’ve written – and it is fun to see some smart entrepreneurs continuing to add to the demystification of the term sheet.

  • You forgot my “Term Sheets for Entrepreneurs” series last year on Venture Files.

    Here is the link:


    I am glad “Ask the VC”and Dick’s “Ask the Wizard” is also looking at this. Entrepreneur’s are always looking for advice and the best comes from those who have tried before them.

  • Brad Bernthal

    From an educator’s perspective, the light that you and Jason have provided on the VC term sheet has been an outstanding contribution. I lead the Entrepreneurial Law Clinic at the University of Colorado Law School. The Term Sheet series is required reading for our Clinic’s students.

  • Brad, thanks for the mention. It is an honor to be mentioned in the same post as Dick Costolo, an incredible insightful blogger.