Hello and welcome back to Equity, a podcast about the business of

startups where we unpack the numbers and nuance behind the headlines. I'm

Natasha Masgriness and this is our Wednesday show where we niche down to a

single topic, think about a question, and unpack the rest.

This week let's talk about control during a downturn.

To me it feels like there's this constant clash between investors who want more favorable

terms and then founders who are kind of

heading into protection mode and don't really want to take anything from anybody.

So this week I'm asking how should founders and investors be thinking about the fine

print in term sheets these days but it's not my question

it's actually inspired by a piece that one of the newest TC Plus reporters

Becca Skutak asked last week so we actually got Becca on the show and so thank you so much

Becca for joining and making your equity debut during a very wild moment in

tech. No, thanks so much for having me. So I mean there's so much to get into and I know kind of the biggest appeal of having the story

and talking about it on the pod is on equity so far it feels like we're hearing about deals

being pulled and being harder and looking differently on very macro level but in

your story you really got into the literal fine print about what is changing in these

term sheets and what investors want and so I want to get through the four big points you made but to start I thought we could

maybe introduce you a little bit since you were more the newest reporters on the

team tell everyone a little bit about what you care about as a reporter and

what you're covering for TC Plus.

Definitely.

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