Herea4‚¬a4„s the latest from VentureBeata4‚¬a4„s Entrepreneur Corner.

Demystifying the language of VC term sheets a4‚¬a4œ The vocabulary of venture capitalists is sometimes baffling a4‚¬a4œ and theya4‚¬a4„re able to use that to their advantage. Attorney Scott Edward Walker looks at some of the more confusing terms you might find in term sheets a4‚¬a4œ and lets you know what they mean and what sort of flexibilities they afford.

Why entrepreneurs dona4‚¬a4„t care about the small business lending act a4‚¬a4œ Congress might think the recently passed small business lending act is a big help to the entrepreneur world, but most small businesses and startups could care less. John Krubski, Research Advisor to The Guardian Life Small Business Research Institute, explains the disconnect between the world view in Washington versus the ground view of business owners.

Rewriting code can be startup suicide a4‚¬a4œ As startups grow, their companya4‚¬a4„s code sometimes begins to seem bloated and unwieldy. While the first instinct might be to scrap it and start anew, serial entrepreneur Steve Blank warns that doing so is often the beginning of the end for companies.

Why you should care about 409A valuations a4‚¬a4œ Tax code might not be the most exciting topic to focus on, but Petra Loer and Kurtis Handa, Managing Directors in WTASa4‚¬a4„ Valuation Services practice, note that ignoring this particular section could cost you a4‚¬a4œ and your employees a4‚¬a4œ a bundle.

Be your startupa4‚¬a4„s only board member a4‚¬a4œ Getting investment dollars is great, but those investors usually get a seat at your board a4‚¬a4œ and the bigger the board, the bigger the headaches (and the greater the loss of productivity) says serial entrepreneur Brent Constantz.

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Tags: entrepreneur corner

Tags: entrepreneur corner

Chris Morris is editor of the Entrepreneur Corner on VentureBeat, helping start-up business owners launch and grow their companies. He previously worked at Yahoo! Finance, where he was managing editor, and as director of content development at CNNMoney.com. He is also a widely respected journalist in the video game and technology fields, whose work has appeared in Variety, CNBC.com, AOL and Forbes.com. Follow him on Twitter at @MorrisatLarge

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