The Term Sheet Trap
April 2, 2026
Waiting for one big investor to lead is how fundraising rounds die and although it may seem like the easiest path is one large check.
Waiting for one big investor to lead is how fundraising rounds die and although it may seem like the easiest path is one large check. Here’s why that’s a mistake.
And it’s definitely not money in the bank. Just because larger investors are interested, that does not mean they will commit. Don’t rely on someone else to fill your round.
Generating momentum from investors of all sizes, creates the fear of missing out. Which works very well for closing larger investors.
Begin by meeting everyone from Angels to Large VCs, then focus on the most excited groups. Don’t wait for a term sheet!
Best of luck out there.
