Funding & Finance
How to Read a Venture Debt Term Sheet: The Clauses That Decide Cost, Dilution, and Flexibility
Venture debt's true cost and impact extend beyond the headline interest rate, residing in warrants, repayment structures, and covenants. Understanding these clauses is crucial for founders to align financing with company needs and avoid undue dilution or operational restrictions.
Marek Kowalski·November 8, 2026
