Heading Towards a First Round of Funding? This Term Sheet May Help.

Michael Arrington, founder of TechCrunch, writes in The Funded Publishes Ideal First Round Term Sheet, that Adeo Ressi, founder of The Funded, has created a "new, basic term sheet for use by investors and founders. The goal is to protect founders and reduce legal fees, which average $50,000 or more per venture round."

Weve embedded the Ideal First Round Term Sheet for your perusal:

FFI Plain Preferred Term Sheet

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