

How to Navigate Your VC Term Sheet
What’s market, what matters and how the terms you agree today can affect your equity, control and outcomes tomorrow.
Getting a term sheet is a big moment. But the headline valuation is only part of the deal.
Join Eric Davison, Partner at Cooley, for a candid, practical deep dive into VC term sheets – what’s considered market standard, which terms deserve closer attention and how the decisions you make during a raise can impact your company down the line.
We’ll cover
What “market standard” actually looks like – and when a term deserves a closer look
The red flags and unusual terms founders should be aware of
Liquidation preferences and what they can mean for your payout at exit
Board composition, voting rights and how governance can change after a round
How different terms can affect your equity, control and future fundraising
The terms that seem harmless today but can create problems in future rounds or at exit
You’ll leave with a clearer understanding of what matters, what to question and what you’re actually agreeing to.
Who’s it for?
This session is for UK startup founders who are actively fundraising or preparing for their next raise.
Whether you’re expecting your first institutional term sheet or heading into another VC round, you’ll get a practical understanding of the terms that can shape your company long after the investment lands.
About Eric Davison
Partner, Cooley
Eric is a partner in Cooley’s private companies group, where he advises high-growth technology companies and their investors on private financings, M&A, strategic transactions and corporate governance matters.
His experience gives founders a practical perspective on how financing terms work not just when the deal is signed, but as the company raises, scales and navigates future transactions.
Come prepared
Already fundraising? Bring your questions.
We’ll leave time for Q&A, giving you the opportunity to hear Eric’s perspective on the term sheet questions founders commonly face during a raise.
About Cooley
With deep roots in Silicon Valley, Cooley is the go-to law firm for high-growth, disruptive technology and life sciences companies and their investors. Cooley advises on 1,700+ venture capital financings annually and has been the #1 law firm representing VC-backed companies going public for the last 15 years. The firm advises more than 7,000 fast-growth private company clients on all their legal needs, including formation, financings, scaling towards M&A and IPOs, and ongoing counselling, as well as serving as primary fund counsel to 700+ investment funds, including many of the most prominent VCs in the US and Europe.
About Novabook
Novabook is the accountant for startups. We give founders access to the best UK accountants to handle all your payroll, book-keeping, and accounting, and we have a team based in London that you can call anytime. Alongside working with our wonderful team, we have built a software platform to automate all of the admin that we hated as founders. Think automatic invoice ingestion, receipt capture and the like. We aim to save founders time and money whilst providing the best accounting service to UK businesses.
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