Deal Terms Look Different in a Downturn. Here’s What to Watch Out For


"The last decade has been pretty friendly to startup founders at the deal table. Term sheets got shorter and deals became less structured. Capital was abundant, the exit window wide open and the outlook strong. Who needs dilution protection when the market is steadily going up and to the right?

Now, with a more volatile market, investor money isn’t flowing as freely, and deals are going to start to look very different."

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Related Contacts
Rachel Proffitt  Partner San Francisco
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Emerging Companies  Venture Capital