Jason Mendelson venture capitalist and Managing Director Foundry Group
Generally investors only care about returns and control when making investments.
“[Entrepreneurs] should focus on terms like pre-money valuation, liquidation preferences, board of director elections, drag-along rights and protective provisions. Most [other standard term sheet terms] aren’t really all that important.  Many of these terms have interdependencies and it’s important [to] understand how terms such as option pools, warrant grants and the election of independent board members will affect returns and control.” Jason Mendelson, Do More Faster by David Cohen & Brad Feld copyrt 2011, Get Help with your Term Sheet pg 238