Corporate
Jun. 5, 2014
In Silicon Valley, shorter term sheets make for faster VC deals
Driven by a desire among attorneys, venture capital firms and entrepreneurs to close deals more quickly, brevity has become the norm as investors jostle with one another for stakes in attractive up-and-coming companies.
Daily Journal Staff Writer
PALO ALTO - All across Silicon Valley, term sheets - the template that outlines a transaction's core tenets - are getting shorter. Driven by a desire among attorneys, venture capital firms and entrepreneurs to close deals more quickly, brevity has become the norm as investors jostle with one another for stakes in attractive up-and-coming companies. "The competition for good deals is fairly intense,...
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