A founder-friendly term sheet: blog.samaltman.com/a-founder…

A founder-friendly term sheet

When I invest (outside of YC) I make offers with the following term sheet.  I’ve tried to make the terms reflect what I wanted when I was a founder.  A few people have asked me if I’d share it, so...

blog.samaltman.com
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Replying to @patrickc
@patrickc it's a problem, but even with a very small check into the next round it seems to be nearly totally mitigated. so i do that.

Jun 4, 2013 · 7:18 PM UTC
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