Sponsored by www.fotolabstudio.ai (Best AI Headshot Generator) and www.signsandmirrors.com (A-Frame Signs for retail businesses)—the companies I’m working on now. Here, I give a quick introduction to term sheets, particularly in venture capital deals. I explain what a term sheet is, its purpose in equity financing, and the common terms you might see—like valuation, liquidation preferences, and voting rights.