

32nd Expert Session
Decoding the Term Sheet: A Live Roleplay with YZR, Caire.ai & Bird & Bird
What really happens when a startup sits down with a VC to negotiate investment terms?
In this interactive session, step inside the room as Christina Schmidt, experienced investor at YZR, and Daniel Angloher, founder of caire.ai, engage in a live role-play of a term sheet negotiation. Along the way, Andrea Schlote, legal counsel at Bird & Bird, will break down each clause, explain its implications in plain English, and highlight what both sides should be considering.
Whether you're a founder preparing for your first fundraise, an investor sharpening your deal instincts, or simply curious about the process, this session offers an insider’s look at how startup deals really get done.