Should I hire a corporate lawyer before signing a term sheet?
I know it is recommended to hire a lawyer to help with negotiations etc. before signing a term sheet, but is it essential? Especially if you are working with a well known VC firm/investor? How about a first time investor?
YES. Always, but one with solid funding/M&A experience.
What’s NOT covered in the term sheet is many times more important, and harmful to you and your company, than what is.
For all X, if X matters, hire a lawyer. If X does not matter, then it doesn't matter.