Today’s Tech News

1. Startup founders, VCs, and lawyers open up about the dark world of dirty term sheets. Underneath the headlines about huge sums of money obtained by unicorn startups is a world where founders fall trap to shady practices and shrewd investors screw them over. 

2. We named the 100 best early-stage VCs. There are thousands of seed investors. So our Seed 100 list used exclusive research from firm Tribe Capital to determine the most effective ones over time. 

3. Mailchimp employees told us how angry they were when their company was sold for a whopping $12 billion. Unlike a typical startup, Mailchimp employees didn’t get equity as part of their pay — in part because the founders told them they would never sell.

4. Black angel investors are changing the tech industry. Black tech founders and execs aren’t trying to change traditional venture firms to be more inclusive. Instead, they are creating their own investing ecosystem —  not just in Silicon Valley, but nationwide.

5. Spring Health’s founder led a fast-paced culture that caused employee panic. Employees at the mental health startup, run by a 29-year-old founder CEO, said they began questioning if they really needed to subject themselves to the grind of startup hustle culture.

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