How to Close Your Seed Funding Round

There’s still plenty of work to do once you get a term sheet. Underscore VC operating partner Jimmy Orsillo shares tips for negotiating term sheets, working with legal counsel, and closing the deal.
Recommended Resources: www.ycombinator.com/documents/
“Cleanest” Terms: nvca.org/model-legal-documents/
And a template to update your investors: underscore.vc/startupsecrets/...
00:00
0:21 What Terms to Negotiate
1:00 The Importance of Clean Terms
2:01 The Cleanest Terms
2:16 Priced Rounds, SAFEs, and Convertible Notes
3:10 Pros and Cons of Funding Structures
4:02 Red Flag: Slow Activity in the Timeline to Close
4:38 Red Flag: Changing Signed Terms
4:47 Red Flag: Pushing Out the Timeline

[@natalliachobat721]

Thank you!!!