January 3, 2005
How to Negotiate a Term Sheet with a VC, Part III
Brad has kicked off his blogging year with a a good new post on VC valuations. It’s along the lines of the ones he, Fred, and I have written over the past six months and has the wonderful line in it:
If you are negotiating a deal and an investor is digging his or her feet in on a provision that doesn’t affect the economics or control, they are probably blowing smoke, rather than elucidating substance.
Happy New Year!