term sheet

also referred to as: term sheets

7 statements across 6 episodes · 3 bullish · 1 bearish · 5 people on the record · first statement Apr 13, 2016 by Roy Bahat · said 17 times in 12 episodes since 2015 · across every show →

Mentions by year

brought up most by Sumeet Shah (3), Michael Ma (3), Rory O'Driscoll (2), Rob Hayes (1), Nikhil Basu Trivedi (1), Josh Stein (1), Harry Stebbings (1), Greg Bettinelli (1)

tap a year for its mentions
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001428201520162017episodesmentions per episode
2017 4 mentions in 2 episodes 2 per episode
2016 8 mentions in 7 episodes 1 per episode
2015 5 mentions in 3 episodes 2 per episode

every mention, scene by scene, with the transcript →

Everything said about term sheet, oldest first

Apr 13, 2016 positive
Disclosure
Bloomberg Beta encourages founders to shop term sheets without exploding deadlines
“When I give people a term sheet, I say, go shop it. It's not going to explode. I only want you to work with us because we're the best choice for you, not because I've put you under some time pressure.”
Roy Bahat Apr 13, 2016 ▶ 27:12 20VC: Why Machine Intelligence Will Eat The World Of Software with Roy Bahat, Head of Bloomberg Beta
Jan 11, 2019 positive
Insight
Meir: Warm intros from portfolio companies are best for securing term sheets
“And I know that the best way to get a term sheet is a very warm introduction from a portfolio company, right? I mean, this is the best way.”
Avi Meir Jan 11, 2019 ▶ 10:27 20VC: How Founders Can Really Get The Most Out of Their Board, Why Culture Fit At The Board Level Is Not Discussed Enough & Why Growth and Culture Are 2 Sides of The Same Coin with Avi Meir, Founder & CEO @ TravelPerk
Apr 24, 2020 negative
Assertion Partly supported
Vohra: Early-Stage Valuations Dropped 20-30% in Early COVID-19
“I've seen early stage valuations drop by about 20 to 30%, and I've even seen some term sheets being pulled from deals”
Rahul Vohra Apr 24, 2020 ▶ 36:18 20VC: Superhuman's Rahul Vohra on How 1-1 Customer Onboarding Can Scale Efficiently to $100M ARR, Why Gamification Does Not Work But Game Design Does & What Game Design Means For The Next Generation Of Product Managers
Sep 20, 2023
Insight
Lemkin: Great founders accept max 20% valuation discount for preferred investors
“I think a great founder will take a 20%, will take a 20% lower or delta term sheet to work with a high, someone they really want to work with. Beyond 20, I think it may be mythical.”
Jason Lemkin Sep 20, 2023 ▶ 44:40 Is the VC Model Broken? Jason Lemkin, Mike Maples, Eric Paley & Harry Stebbings Debate | E1062 · 20VC with Harry Stebbings
May 15, 2024
Insight
Siroker: Founders should concede on valuation in term sheet negotiations
“I think it's fair to give on valuation.”
Dan Siroker May 15, 2024 ▶ 32:46 Dan Siroker: Second-Time Founders Are More Investable & Why Not To Hire People Out of College |E1153 · 20VC with Harry Stebbings
May 15, 2024
Insight
Siroker: Fast term sheets are designed to force lower valuations
“The investor who's giving you that term sheet wants to preempt it. They want to get in early. They want to get a better price, and so they know that if they do it before you're getting information from everyone else, that's going to help them.”
Dan Siroker May 15, 2024 ▶ 43:18 Dan Siroker: Second-Time Founders Are More Investable & Why Not To Hire People Out of College |E1153 · 20VC with Harry Stebbings
May 15, 2025 bullish
Prediction Not checkable as stated
Lemkin: Best-in-Class Startups Will Still Secure Five Term Sheets
“Be the best of breed, you'll get five term sheets. You really will.”
Jason Lemkin May 15, 2025 ▶ 9:38 OpenAI, SBF & Perplexity: What VCs Know That You Don’t · 20VC with Harry Stebbings
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