Tag: Venture Capital
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Term Sheet Purgatory
There’s plenty of advice on (1) how to attract VCs and (2) how to negotiate a venture capital term sheet. What gets less attention is the messy middle, the period between an investor expressing interest and you actually receiving a term sheet. I call that waiting period term sheet purgatory. Term sheet purgatory is an…
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Series A Startup CEO Salary
A startup’s CEO’s $500,000 Salary Burns Startup Into Fire Sale. The Importance of Startup CEO Salary The startup community focuses most of the term sheet discussion on liquidation preferences and anti-dilution, but startup CEO salary is nonetheless an important issue. According to Peter Theil, Startup CEO salary is a predictor of a startup’s success: “The…