Why Bob Moul wants you to come to this workshop on term sheets - Technical.ly Philly

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Nov. 7, 2016 10:59 am

Why Bob Moul wants you to come to this workshop on term sheets

Philly Startup Leaders is organizing a workshop that you need to check out before taking that VC cash.

Be careful what you sign.

(GIF via Giphy)

If you’re an entrepreneur wanting to land some venture capital, boy does Philly Startup Leaders have a workshop for you.

Demystifying the Term Sheet, hosted by serial entrepreneur Bob Moul and Temple University’s Ellen Weber, is happening Thursday, Nov. 17 over at Vynamic.

What is a term sheet, you ask? Surely Moul and Weber will explain further but it’s basically the document stating the terms and conditions under which an investor forks over cash to a company. Understanding the often-densely-worded piece of paper can be daunting for the unexperienced. And if there’s ever a document you want to thoroughly comprehend, it’s this one.

“For those who raise money, understanding not just the terms but the implications of term sheets on future business decisions and eventual outcomes is CRUCIAL,” Moul wrote in an email. “Because the language can be very technical and legalistic, it’s all too easy to ‘let the lawyers handle it’ but it’s our job to understand and shape what we are committing our company to.”

RSVP

Moul said those seeking funding must be their own agents in the process.

“It’s not the investor’s job to educate you on what you are committing to,” Moul said. “If you end up in a bad place, you have no one to blame but yourself.”

According to the organizers, 70 people have already signed up, so if you want a seat, better hurry.

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