I am excited to share a new product we’ve been working on that is 10 years in the making. It’s the product that Michele and I wished existed when we started our founders’ journey so many years ago.
Introducing The 20-Min Term Sheet
If you or someone you know has ever gone through the process of raising capital, you know that it begins and ends with a term sheet. These pieces of paper contain all of the ways that you are going to relinquish control of your baby to an investor looking for guarantees in exchange for money. Sometimes, these pieces of paper are very valuable. If you and your company are working on long-term, research-heavy, zero to one style problems it’s the best thing to do. Trade control and equity, for the funds you need to explore uncertainty.
Somewhere along the way, it changed. Too many investors started writing big cheques and taking big pieces of equity to fund repeatable parts of a business like marketing spend, or inventory purchases. We saw this as an opportunity to create a founder-friendly source of capital and fund these repeatable expenses. With the 20-Min Term Sheet, we are making it even easier to get started.
Like what you’re reading? Please upvote!
We launched it on Product Hunt this morning and I would love for you to go and upvote it. Simply visit the link below, and then search for the product called the 20-Min Term Sheet. If you are feeling generous, we would love a positive comment from you too.
I am so excited to come to work, with our amazing team, and build new innovative products like this to give founders more options when raising capital.
Have a great day,