Series A 101

In my prior life as a seed investor, I helped many companies raise Series A, some raise B and a few raise C.  First time founders often ask about the process, once it’s clear there’s likely to be one, and while I always had a view from the outside, alongside or sometimes with the Venture firms, now that I’m a VC with my own Series A Term Sheet (TS) signed, I thought I’d provide the inside view of the blow by blow, along with what I’ve seen in majority cases.