Hardware Podcasts

#267: Term Sheets 101 with Giannuzzi Lewendon

The Startup CPG Podcast · 22 Sept 2026 · 44m · Episode 372

What this episode covers

Adam Marsh and Gabrielle McGonagle, partners at the CPG law firm Giannuzzi Lewendon, explain the critical components of term sheets for founders raising capital. They detail how to negotiate protective provisions, board control, and liquidation preferences to avoid long-term operational handcuffs and economic dilution. The guests emphasize that founders should often propose their own term sheets to set favorable terms regarding option pools and budget approvals, rather than reacting to investor drafts.

Most relevant to

early-stage companies

Topics

Mentioned

Companies
Giannuzzi Lewendon, BodyArmor
Also
NVCA

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