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hi everyone this is alejandro cremares and today were going to be talking about what is a term sheet [Music] so essentially if youre fundraising you know youve gotten to that point where a venture capital firm or any other investor is excited about making an equity investment in your business is essentially giving you money and receiving a piece of the pie getting equity ownership in your business before you even pursue to really getting the offering documents which is like really those binding agreements that are outlining everything you are going to be presented with a term sheet so with that being said lets get into it so what is a term sheet a term sheet is a non-binding document its essentially a one or two page document that outlines right its just a promise its a promise that outlines what are going to be those proposed terms that are going to come after in a potential you know a set of offering documents so the thing about term sheets is that theyre not binding meaning
