If after exhaustive due diligence the VCs are still sold on the business, they draw up the ____, which signals the start of a negotiation.
A)business plan
B)term sheet
C)tombstone
D)prospectus
E)None of these choices

Question

Quizplus · Accepted Answer

The term sheet is the document that signals the start of a negotiation between venture capitalists (VCs) and a business after the VCs have completed their due diligence and decided to proceed with potential investment.

If After Exhaustive Due Diligence the VCs Are Still Sold