Notion Capital have published an article along with Osbourne Clarke that sets out to de-mystify the most important clauses of a VC investment.

It's well worth a read because start-ups are frequently mesmerised by the valuation of an investment when actually that really isn't the important bit. It's not that valuation doesn't matter but in my experience, the bit to worry about is what happens when things go wrong. That's the bit that'll give you sleepless nights when things (inevitably) don't go as expected 18 months later.