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Today’s “Great VC Post” comes from Fred Wilson and is on the concept of how a VC thinks about “reserves.” Fred is very specific in the post about how his firm (Union Square Ventures) thinks about reserves.
Beginning in 2005, Brad Feld and Jason Mendelson, managing directors at Foundry Group, wrote a long series of blog posts describing all the parts of a typical venture capital Term Sheet: a document which outlines key financial and other terms of a proposed investment...
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