Write a great term sheet using AI
An old project brought to life.
5 years ago, it was being overworked on multiple “deals” that made me step back and think hard about the limitations of what could be achieved as a “deal lawyer”.
When you are trading hours for money, you have no incentive to serve more clients because there are only so many hours and they can only serve so many clients.
Why this is frustrating is not because the money is bad.
But because the impact is limited.
Turning towards building technology was my way of overcoming this burden that legal work has placed upon itself.
More specifically for me, it was the day-to-day, born out of the pain of writing and reviewing “term sheets” and investment documents.
Back in 2021, I tried, tried and tried through into 2022, and failed to automate any part of the VC or startup deal making process.
I had only myself to blame.
My understanding of building a software stack was equal to an investment banker’s understanding of marine biology.
Even with the help of friends who know more, and despite the heavy burden of my knowledge of legal problems, the needle wouldn’t move.
The term sheet project fell off while I got pre-occupied with learning more, and building other legal automations.
Early in 2024, I knew quite well that what it could be built now and easily - we had tackled harder problems by then.
Fate didn’t favour the term sheet writer for sometime longer, until I decided to dust it off and plunge myself into creating what we were meant to.
It is the result of this labour of love that we have put out a termsheet writing automation, for early financings. Free to use, you will find it here - https://termsheet.scripters.app/
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This brings together what I did in a past life with what I do now, and hopefully, shows the way into the future.
I am possessive, but willing to brave your feedback. :)
Take it for a spin, and share with your friends!