Summary: Happy episode number 52! Today I will be giving a quick introduction to Term Sheets, which is one of the first important steps for a material business agreement like debt financing or equity financing. Today we will focus on equity financing, specifically venture capital investments in start-ups! This episode was actually inspired after I watched an episode of <a href="http://www.hbo.com/silicon-valley" target="_blank" rel="noopener noreferrer">Silicon Valley</a>, where Erlich Bachman said, “If you utter the words virtual reality, venture capital firms will throw a term sheet at you.” In this episode, I will go over what is a term sheet, what it is used for, and what are some of the most common items on a term sheet. I hope this episode is informational and you learn a thing or two!<br> Please also see a sample term sheet that I found online which will be helpful in giving you some guidance in terms of what a term sheet actually looks like!<br> <a href="https://www.dropbox.com/s/pc0208kjk3jti7c/20130620%20Passion%20Capital%20Plain%20English%20Term%20Sheet.pdf" target="_blank" rel="noopener noreferrer">Sample Term Sheet Download</a><br> As always, please let me know if you have any questions, comments, or suggestions. Email me directly at alan@the vampiresquid.com or on the <a href="http://www.thevampiresquid.com/contact/">contact form</a>. Also, please subscribe to my facebook page for live updates <a href="https://www.facebook.com/thevampiresquid">facebook.com/thevampiresquid</a>. Also follow me on Quora at <a href="https://www.quora.com/profile/Alan-Li-1">https://www.quora.com/profile/Alan-Li-1</a>. To support us check us out at Patreon <a href="https://www.patreon.com/thevampiresquid" target="_blank" rel="noopener noreferrer">https://www.patreon.com/thevampiresquid</a><br> <br>
