Founder Fundamentals: Term Sheet Deep-Dive with Fenwick

​Join us for a practical walkthrough of venture term sheets. Kat Duncan and Ryan McRobert, partners at Fenwick, will unpack the common clauses you’ll see—and the uncommon ones that meaningfully change outcomes. We’ll focus on what the terms mean for your ownership, control, and long‑term flexibility, with clear guidance on how to approach negotiations.

​You’ll learn:

• ​Liquidation preferences, participation, and how they impact returns

• ​Option pool sizing, pro rata rights, and dilution (and how SAFEs and convertible notes factor in)

• ​Protective provisions, board composition, and founder control

• ​Uncommon terms (pay‑to‑play, MFN, super pro rata) and when they surface

​Speakers:

​Kat Duncan, Partner, Fenwick;

​Ryan McRobert, Partner, Fenwick

​Best for: Founders raising pre‑seed to Series A rounds in the next 1-6 months.

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