Let's Take Stock by Global Shares

Ep 1. Lifting the Lid on VC Term Sheets with Jonathan Hollis

Pennie

One of the key steps to raising funds as a founder is negotiating the term sheet with your investor.  So for our first episode, we've teamed up with Mountside Ventures Managing Partner and VC, Jonathan Hollis to lift the lid on what you need to know to get the best deal possible. 

Jonathan recently set out to demystify the VC term sheet and bring some well-needed standardisation to the table by surveying over 200 VC firms.


 TOPICS WE DISCUSSED INCLUDE

  • The three key elements of a Term Sheet
  • What are the most common asks
  • Lessons learned from 200+ VC firms
  • The share types you need to know
  • How it can go wrong for the founder and how to avoid disaster
  • Tips to negotiate a better deal
  • Who pays the deal fees

OUR GUEST

Jonathan Hollis founded and led PwC’s Raise programmes which helps early stage companies raise their first major institutional funding.  He has served as chair of Tech London Advocate's SaaS Group and on the committee of London's Society for Chartered Accountants, supporting and representing London's 16,000 Chartered Accountants.

Today, he is a Managing Partner with Mountside Ventures, who optimise the fundraising process for European startups and investors. They partner with founders in raising their next round of funding (Late seed to Series B). They also work with Limited Partners and Family Offices in identifying the next generation of venture capital funds.

CONTACT AND RELEVANT LINKS

Jonathan Hollis on Linkedin:  https://www.linkedin.com/in/jhjhollis/
 Mountside Ventures:  https://www.mountsideventures.com/
 Term Sheet Report: https://www.canva.com/design/DAE7DT0XlaQ/Qdm7uNv40uPL_L4ZDfWjBw/view#1