A term sheet that anchors the startup’s long-term vision helps in preventing mission drift. As startups grow and evolve, there’s a risk of veering away from the original mission and values in pursuit of financial gain. A clearly defined vision in the term sheet acts as a compass, guiding decision-making and growth strategies.
- Log in or register to contribute
Contribute to three or more articles across any domain to qualify for the Contributor badge. Please check back tomorrow for updates on your progress.