Wilson Sonsini Term Sheet Generator

Yokum is good people, constantly helping the entrepreneurial community understand the legalities and intricacies of funding and organizing start-ups.

Check his website: http://www.startupcompanylawyer.com/

In 1999 I worked at Petstore.com (a competitor to the sock puppet firm) and we used to joke that we were going to create a website "termsheet.com" which would generate a term sheet we could then use in negotiation with VCs. WSGR built it! Now every entrepreneur will be able to say to a VC, "we have a term sheet...and need to know whether you are in or out..."

I wrote a review of the WSGR term sheet generator here:

http://www.altgate.com/blog/2009/04/law-firm-wilson-sonsini-...

Good stuff. WSGR continues to shine in helping entrepreneurs!

WSGR is literally a 'textbook' example of what a good law firm is. In my graduate entrepreneurial finance class, we studied a case where an entrepreneur had to choose between giving Rosati a non-trivial amount of equity in return for legal services or going to another law firm. Not knowing how important good lawyers are, when the professor suggested going with Rosati was the best course of action, I strongly argued against it. Since then, every time I have encountered a story about WSGR (often about Yokum and often on HN), I have been reminded of how wrong I was.

Do YC provide companies work with a standard term sheet?

Has anyone checked to see what WSGR comes up and compared it to the standard YC term sheet?

now if I could only find the Sequoia one...