Startup & VC Jargon · Vice President level

"Term sheet"

"Term sheet" means a non-binding document that outlines the basic financial terms and conditions of a proposed investment or deal.

Say this instead: deal outline

How "Term sheet" shows up at work

Founders learn to say this phrase before they understand what it contains. Investors use it to signal seriousness without commitment, and everyone treats its arrival as a milestone worth celebrating prematurely.

Buzzword

We just got a term sheet from the lead investor, so things are moving fast.

Plain English

The lead investor sent us a preliminary deal outline, so things are moving fast.

Corporate Rank: Vice President · Category: Startup & VC Jargon

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