From Term Sheet to Close: Common Pitfalls and How to Prevent Them

RESOURCES

Mordechai Hartman

June 25, 2025

Because signing is only the start.

Category: Venture Investing
Read Time: 4 minutes

You’ve got a signed term sheet. Congrats. But don’t relax just yet — the path from signing to closing is where things often fall apart.

The usual culprits:

  • Misaligned expectations around timelines and diligence
  • Loose language that creates room for re-trades
  • Late-stage surprises from investors or counsel

A clean term sheet doesn’t guarantee a clean close. At HVA, we keep founders and funds ahead of the curve — flagging issues early and making sure execution matches intent.