There has been some interesting discussion about term sheets recently, based on Chris Dixon’s post and Fred’s post, which some people correctly inferred related to foursquare. One aspect that was not covered in Fred’s post was how we like to present term sheets. At Union Square Ventures, we like to send term sheets without a no shop and without a “sign by 5pm on ___”. We also send them as Word documents and without a signature. All of these are expressions of how we approach the relationship ...

There has been some interesting discussion about term sheets recently, based on Chris Dixon’s post and Fred’s post, which some people correctly inferred related to foursquare. One aspect that was not covered in Fred’s post was how we like to present term sheets. At Union Square Ventures, we like to send term sheets without a no shop and without a “sign by 5pm on ___”. We also send them as Word documents and without a signature. All of these are expressions of how we approach the relationship ...