Angel Investment Term Sheet Sample. As a startup in need of funds, you are In the case of angel investments, the term sheet can be prepared by the startup or the angels. The term sheet should just cover the commercial deal in principle.
Where certain provisions in this Term Sheet call for a number, we have included a range, the endpoints of Use of Proceeds: Proceeds from the investment will be used for [working capital and general corporate purposes].
A term sheet is a tool used by investors and entrepreneurs to negotiate a prospective investment.
The time and energy spent by entrepreneurs in pitching to potential investors, if successful, culminates in the angel investors issuing what is known. Some people even wonder if it applies to them if they are not a technology company. Angel or seed investing term sheets can be very similar to venture capital term sheets, but angels are See: Sample funding documents for Ontario entrepreneurs.