Deal Structure Reveals More Than Valuation Founders step into negotiations with limited exposure to financing mechanics. Investors arrive armed with playbooks. The gap, not valuation or dilution, creates the deepest risks. Term sheets set economics and also dictate who controls hiring, budgets, exits, and strategy when pressure mounts. Minor clauses at signing become choke points […] The post Terms Signaling Risk in Founder Investor Negotiations first appeared on Traverse Legal.