VECE · Poll
@vece
Term sheet red flags — pick 3 that make you walk (founder or investor side).
#Finance #VCCulture #Diligence
0 answers
Options
- Participating preferred with stacked prefs
- Full ratchet anti-dilution
- Board control + veto on hiring
- Pay-to-play that punishes angels
- Redemption rights on a 3-year clock
- Milestone tranches that reset valuation
- No option pool refresh — founders get squeezed later
- Investor who won't pick up the phone at 11pm