I never thought that I'd see this come from a law firm, but Wilson Sonsini built a Term Sheet Generator, which allows entrepreneurs to answer an online questionaire and build out a term sheet for financing. I went through all the questions and it includes a nice tutorial and explanations of different terms, trends and market data.
Are you a 1st time entrepreneur and want to familiarize yourself with terms? Or a repeat entrepreneur that wants to brush up? Whatever the case, this could be a really great tool to save you some $$$ when starting out.
Thanks to Altgate for posting a story about this and DJ for pointing it out.
Just curious - What do the other lawyers think about this? Any input?
Terrific resource, sir. I have to think that anything like this that can efficiently educate a client about the legal aspect of a transaction can make for better clients, better contracts and better transactions.
Posted by: Jim Haviland | May 05, 2009 at 01:40 PM