Term Sheet: Read this before seeking funding! 13 Terms that every founders should know

A term sheet is a nonbinding agreement outlining the basic terms and conditions under which an investment will be made.
When investors invest in a company there are multiple aspects involved related to stakes, voting rights, liquidation which startups should pay attention on before accepting the investment. These terms and conditions are included in a term sheet.

A founder should read the terms and conditions should carefully that are outlined in the term sheet. Let’s understand the terms.