End of Term Sheet Wiki

In 2024 I wrote a short newsletter article explaining why term sheets exist and the two things that matter the most when negotiating them. I supplemented the article with a tool founders could use to understand the legal language in these documents. At the time, large language models could already do a decent job of this, but my app provided a faster, cheaper, free alternative.

I’ve since sunsetted Term Sheet Wiki. LLMs are so prevalent now and too cheap to meter that a dedicated tool is no longer worth maintaining. Anyone reviewing a term sheet in Word can highlight a clause, ask Microsoft’s Copilot to explain it, and get a plain-English answer in seconds. And for those who prefer a chat interface, the faster models from OpenAI and Anthropic — GPT Instant, Haiku, Sonnet, and the like — handle legal language well enough at a fraction of the cost of frontier models.

It was a fun weekend project and I’ll keep building small apps like it. This is how I keep up with AI, dev tools, and software development. It’s also proving to be useful for my day job as a venture capitalist.