3 questions founders never ask VCs before accepting a term sheet… | Ep 58 | Uncapped Notes
We’ve given a lot of advice to founders and VCs on how to approach their relationship with a VC, whether it be communication norms or messaging and positioning in pitch decks, but we haven’t talked about how founders should ask questions to better understand the operations of a VC before accepting a term sheet. On this episode of Uncapped Notes, Eric and Janel discuss the three questions that they think every founder should ask a VC before accepting money, and why these questions are so rarely asked, despite their important to a founder’s relationship with a VC.
Timecodes
0:00 - Intro
1:17 - How are the GPs compensated?
1:56 - Carry & VC compensation models
3:09 - Where in the fund cycle is the current fund?
4:30 - How fast does it take to wire?
5:35 - Wiring issues; VC fundraising and capital calls
6:54 - Outro
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