The Funded Publishes Ideal First Round Term Sheet. Adeo Ressi, founder of The Funded, a site where people rate venture capitalists and the Founder Institute, an incubator of sorts, has long ranted about what he calls “the atrocities of investors.”
Now, a lot of people, including prominent angel investors and venture capitalists, are starting to listen to him. Tomorrow Ressi will announce a new, basic term sheet for use by investors and founders. The goal is to protect founders and reduce legal fees, which average $50,000 or more per venture round. Earlier this month angel investor and Hunch founder Chris Dixon wrote a blog post requesting that venture capitalists start to use standard, founder-friendly deal terms for venture rounds.
He set out the terms he proposed in that post. Venture Hacks — Updated: Our top 10 term sheet hacks. Nivi · November 9th, 2008 We’ve updated the presentation in Our top 10 term sheet hacks.
The new presentation includes the notes that accompany each slide. Making Your Own Laundry Detergent: A Detailed Visual Guide. About a year ago, I posted a general description of how to make your own laundry detergent that proved quite popular.
That article basically described in a general sense how one could make laundry detergent at home very cheaply, but it left out a lot of key issues: does it work well? What does it look like as you are making it? What are the real-world costs and time investment?