Keep Term Sheets Simple for Quicker Cash to Spend

Remember a term sheet agreement is not a deal until the check clears. Entrepreneurs sometimes assume an initial agreement with an Angel is a commitment, so they start spending before any money is received. But due diligence and paperwork take time, and can change everything.

by MartinZwilling

Full Story: http://blog.startupprofessionals.com/2012/01/keep-term-sheets-simple-for-quicker.html