Quantcast Smallbiz Central: Read term sheets carefully then ask for help!
Read term sheets carefully then ask for help!
Posted on: 07.13.09 by Susan Perry
First I would say that you need a good investment banker on your advisory board.  Then you need to make sure that you understand the term sheets.  Consult with a good lawyer who specializes in the type of investor you are seeking.  Communicate.  Don't take a business partner that you don't admire as a person and want to spend a considerable amount of time with.  If they have experience in your type of business that is a big plus. 
I would advise you to speak with Angels.  After owning your business for 14 years it is probably going to be hard for you to work with a VC.
Good Luck.  A business partner or investor can bring a world of experience to your business and new insights and connections or it can be the biggest nightmare that you can ever imagine.
Tags: banker, term sheets, lawyer, communicate, partner, angel, VC, venture capital
not yet rated
1 comment
Enter your comment on this post in the editor below, then click the “Save” button.
   
 
 
 
 
   
Copy and paste the following permalink into an email message or webpage to share this post:
Name: 
Susan Perry
Business: 
Taylannas Inc.
Address: 
,
Phone: 
Website: