Ask HN: Should I hire a corporate lawyer before signing a term sheet?

3 pointsrahmaniacc2 comments

I know it is recommended to hire a lawyer to help with negotiations etc. before signing a term sheet, but is it essential? Especially if you are working with a well known VC firm/investor? How about a first time investor?

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YES. Always, but one with solid funding/M&A experience.

What’s NOT covered in the term sheet is many times more important, and harmful to you and your company, than what is.

For all X, if X matters, hire a lawyer. If X does not matter, then it doesn't matter.

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