From spinouts to fundraising to M&A, founders need transparent deal terms

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With down rounds looming, startup founders have a lot less dealmaking leverage than they did in 2021. If new to the fundraising game, the changing market will require an accelerated class on less-favorable term sheet provisions like liquidation preferences. The information may have been forgotten during the last cycle, but at least it’s available, which is less the case for university spinou

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