Guest blogger, Ivan Gaviria today walks us through 5 terms founders should focus on when navigating their first term sheet: 1) Option Pool 2) Dividends 3) Liquidation Preference 4) Board Composition 5) Founder Vesting Ivan is a partner at Gunderson Dettmer's Silicon Valley office, practicing in the Corporate and Securities Group. He has extensive experience working with startup and emerging growth companies through their entire lifecycle as well as representing venture capital, private equity and other investors. For more great resources, we recommend checking our these docs on DocStoc and VentureHacks. - Chris Stewart