Navigating Term Sheets
For a first time founder, this is not easy. Sure there are the touted SAFE docs from YC because it makes life easy but building a business is not easy. To me, SAFE documents, are about as good as the paper they are written on.
The questions from first-time founders range from valuation, board seats, terms, expectations, how do navigate multiple term sheets vs one, what if you have plenty of money soft circled but no lead, how much should a lead put in, and it gets more complicated when there is not one point person who can help you navigate this stuff.
There is a lot of information written about this topic. It is easy to get lost in the weeds. My advice is to find one person who is in your tent that gets it and can give solid advice and cares about you and nobody else to help guide you.
Too many cooks in the kitchen always spoils the broth.