If there is one document that can drive even the most financially savvy founder up the wall, it is a term sheet. Not just because it’s a heavily jargonised document but layers of subjective meaning but also because this one document will seal your fate in difficult times and perhaps hinder you in the good times if you haven’t fully understood everything in it before you signed on the dotted line. We’ll, of course, decode the legalese for founders but we’ll also bring the perspective of what some of the standard industry practices are at the earliest stages of fundraising. We’ll also address openly, why investor rights need protection too and how you as a founder can use some of the clauses in your term sheet to conduct your business with the required corporate governance.