From the painstakingly obvious in retrospect why did nobody think of it before department: London-based early-stage VC
Passion Capital has updated its standard Term Sheet so that it's written entirely in plain English. For those of you who have never had to navigate a venture capital Term Sheet, the document outlining the terms of any proposed investment, they are usually worded by the legal profession, and as a result, dense in legal-gobbledegook.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/UTjGFNcOX10/
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