Last week Norbloc announced their $1.6 million seed round led by Marathon VC, with the participation of DCG, Inbox Capital and Back In Black. We are thrilled to be working with Astyanax and Vitalii and excited to be able to share some of our thinking here.
You are a startup founder launching your product, or you have raised capital, or you plan to do so soon. An IPO is your end goal. You are looking at incumbents that trade on the public markets and you follow the news about the hot startups that plan to go public soon. You may envy their success or be inspired by their journey, and you double down your efforts. There is conviction that they must be super successful and pretty much they should have checked all the boxes by now. But is it so?
Today, we are happy to make our term sheet template public. If you are expecting a term sheet from Marathon, these are the terms you are going to get.
In the template, you are also going to find some footnotes and links providing more context for each term, for those of you who may want to get a better understanding of the underlying principles. Ideally, this document would serve as a single source of information when it comes to your term sheet.
We are launching Marathon Venture Capital with the goal of fostering innovation coming out of the world wide Greek network of entrepreneurs and technologists. On Friday March 17th, we presented our team, goals and ambitions for the new vehicle. If you missed our live presentation you can read here everything we talked about.