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How are VC term sheets usually delivered? PDF in email? Paper?
This would depend on funding amount and the amount of due diligence that went into the process before a term sheet would have been produced. For some funds - especially seed funds I've seen - getting to a term sheet is quite a short process relative to other larger rounds. In such a process a promising startup could definitely be put in a situation where one is fielding/courting several term sheets. In such cases the VC firms themselves would possibly be working on multiple deals at similar levels of consideration. As such if you were short on time/patience, a succinct, respectful email would suffice - at least for me in such a situation. That being said, nothing says 'respect' like a short visit to their office to transparently explain the situation. Good luck
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If you’ve made it this far, you need to be prepared With every step of deal formation, I’m always on the lookout for the unexpected. I’m always a little embarrassed to take my daughter to work. I just don’t think I’ve grown up. Furthermore, I am also an idiot. If she turns up one day in her jeans and T-shirt and starts complaining that she is going to need to borrow some money tomorrow morning to pay off the loan on her new car, I will feel like I should just give her the money. But that is not going to happen. I can understand her point of view, but I also recognize that I am the most likely cause of it. And it could ruin everything I have worked so hard to achieve. So instead, I’m going to help her get back on track. She will get to work.