The VC Barbarians Are Coming

The economic crisis could mean a resurgence of convoluted term sheets that leave founders with nothing

Fred Destin
Marker
Published in
8 min readApr 17, 2020

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A close up of a fish with a one hundred dollar bill in its teeth
Photo: Sirer/iStock/Getty Images Plus

I hate complicated terms in venture investments. Value is created by backing exceptional companies that return your fund, not by wordsmithing aggressive legal agreements. In the last decade, we’ve seen cleaner and simpler terms become the norm…

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Fred Destin
Marker

Helping startups grow with money and mentoring to the sounds of Crystal Castles