In this episode of DevLand Diaries, Michael Kessler breaks down the essentials of a term sheet—the document that sets the foundation for your startup's investment deal. Whether you're an entrepreneur or an investor, understanding the key elements like valuation, equity, investor rights, and exit strategies is critical for ensuring a fair deal. Tune in to learn how to navigate this important tool, avoid common pitfalls, and protect your company’s future from day one. No jargon—just the straight talk you need to make the best decisions for your business.