Devil in the Details: Negotiating Your Debt Term Sheet

The classic startup is funded by selling founder equity, often to venture capitalists. But there’s an alternative, one that almost 50% of entrepreneurs wish they’d known about—debt or non-dilutive financing.1 With debt, founders get the upfront cash they need without giving away their equity. In 2020, lenders issued $27.5 billion in venture debt, let alone…