A Term Sheet Written In Plain English? Put That In Your Silicon Valley Pipe And Smoke It

From the painstakingly obvious in retrospect why did nobody think of it before department: London-based early-stage VC Passion Capital has updated its standard Term Sheet so that it's written entirely in plain English. For those of you who have never had to navigate a venture capital Term Sheet, the document outlining the terms of any proposed investment, they are usually worded by the legal profession, and as a result, dense in legal-gobbligook.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/UTjGFNcOX10/

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