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down rounds

Venture Capital Explained: Stages, Term Sheets, and Down Rounds

November 13, 2026June 23, 2026 by Bruno M.
Venture Capital Explained: Stages, Term Sheets, and Down Rounds

How VC actually works: seed through growth, what’s in a term sheet, how dilution stacks up round by round, and what happens when a down round hits.

Categories Market Education Tags cap table dilution, down rounds, investing basics, startup funding, term sheet, venture capital

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