On: The Tricks Investors Use Against Founders

[suking]

Brad Feld's blog should be the first thing you read if you get a term sheet (or even better - if you start trying to raise $). He helps explain these things in plain english and what they look like in lawyer terms as well.

[joshu → suking]

Jesus, no. You go talk to your experienced lawyer about the term sheet.

Not that Brad is wrong about anything.

It's just that this isn't a software package where you can google around and read a few blog posts and get up to speed.

A good lawyer will be familiar with what is going on, current terms, etc.

[suking → joshu]

Of course you use a lawyer, but you should understand it as well.

[wnight → suking]

And you should do your part first so that you can ask the lawyer the tough stuff instead of paying $X00/hour for Law 12.