Founder's Journey Unplugged
Bastian and Markus are experienced startup builders and founders of Flinn.ai. They candidly talk about their challenges, learnings, and experience while building the company from the ground up.
Founder's Journey Unplugged
Pre-Seed Funding - Part 2: Mistakes to avoid from term sheet to contract signing
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Bastian & Markus
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Season 1
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Episode 6
In the previous episode, we reflected on how we got from a pitch to a term sheet to raise our 1.8m pre-seed round for our Startup Flinn Comply. In this episode, we describe our learnings around signing a pre-seed venture capital funding round after receiving a term sheet. We talk about questions such as:
- What is a term sheet, and what should I pay attention to?
- What are essential terms I should know about and consider when negotiating my funding round?
- How do I structure my cap table?
- How can I ensure a smooth closing process from term-sheet to the actual capital increase?
- What mistakes should I avoid in consideration for future funding rounds?
