BRAVE: VC Term Sheets VS. Founder Control, Valuation Myths, Governance & Deal Failure - E663

Jeremy Au breaks down how venture capital deals really close, why many fail after the term sheet, and how financial and control rights shape outcomes for founders and investors over a 10-year relationship. Drawing from real cases across Southeast Asia, he explains the hidden trade-offs behind valuation, governance, and trust, and why “good economics” can still destroy long-term value if handled poorly. 01:00 Due Diligence and Deal Risk: How reference checks, audits, and legal reviews can still miss fraud and derail trust. 03:30 Trust as a 10-Year Decision: Why fundraising is not just abou...