You did it! You received your first term sheet from a venture capital firm. Your great idea, product or service is about ready to get funded. Congratulations! Now what!?

Most company founders have not stopped working on their vision for long enough to think through the most critical factors that will make sure their business remains viable following an outside investment. Any entrepreneur worth their salt should feel no shame in admitting this. It means that you have the courage of your conviction and the perseverance to achieve your goal. It also means you might be susceptible to some dirty tricks that can sneak into investment agreements and hurt you…