Founder's Pocket Guide: Term Sheets & Preferred Shares

Term sheets are where a friendly funding talk starts becoming a real bargain. This guide explains the rules about price, control, payment order, and investor rights in language a founder can follow. I like how it shows that a high company value does not always mean a good deal. Small clauses can decide who gets paid, who gets a vote, and who can sell later. Those details matter if the goal is to build something valuable and keep the path to an exit clear. It is a useful book to read before the documents arrive and the clock starts ticking.