Andreas just met with Cherry VC and talked about their term sheet, which is available on their website, and Julia has been digging into the nitty gritty of Pale Blue Dot’s open term sheet guide. They end up explaining the most important terms in a term sheet, what you can expect, and what the market standard is. They also fight about whether liquidation preferences should be provided to investors and if founder vesting really should reset when a VC invests. Alumni company of week: Bubblare.se, founded by Oskar Kalmaru Resources mentioned: Cherry’s term sheet: https://medium.com/cherryventures/term-sheet-unlocked-c73f28bd15f7Pale Blue Dot’s term sheet: https://pbdvc.notion.site/The-Pale-blue-dot-term-sheet-guide-e5e9d27983b54a6a8cde23e7df463befJulia’s column on liquidation preference shares: https://www.breakit.se/artikel/36657/dirty-term-sheets-forstor-ekosystemet-for-startupsWellstreet’s blog post on dirty terms: https://wellstreet.se/story/navigating-the-risks-of-dirty-term-sheetsHosted by Julia Delin & Andreas Johansson Edited by Victor Ganguly Responsible publisher: Lars Strannegård