One term sheet, published.

Gord Ventures underwrites on the group’s standard formation terms rather than a bespoke instrument per deal. That is not generosity; it is the only version a founder can compare honestly against another offer, and a term sheet that cannot be compared is a term sheet designed not to be.

Where a position is taken, its instrument, its percentage and its date are recorded in the estate’s ownership register before they are a spreadsheet anywhere. A position that cannot state those three things is not recorded, which means it is not held.

The register is maintained by Gord Holdings, and the rule that governs it is published there.