You’ve made it through the front-loaded headlines of the term sheet — the valuation looks solid, you’ve agreed on board structure, and the liquidation preferences are fair.
But don’t exhale just yet.
Because lurking in the final third of that document — the part most founders skim — are the quiet clauses that could cost you money, freedom, leverage, or all three.
This is the fine print. And while it rarely makes headlines, it can make or break your ability to lead and scale your company.
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