Yeah. Sounds great. Thanks, Brian. Okay, well, I'm Dawn belt. I'm a partner at Fenwick and West. And based out of our Silicon Valley office in Mountain View, I work with technology companies of all shapes and sizes from incorporating brand new companies, lots of venture financings and day to day work with technology companies, taking a few companies public and work with them as public reporting companies on 34 act work and, and governance issues and all of that. So it's full life cycles, I had the great privilege of growing up with great companies like Facebook and Dropbox through their massive growth stages. And really like doing presentations like this too, and talking to early stage founders and helping them plan ahead, because that's really what we're trying to do, and when thinking about these term sheets, planning for the financing transaction itself, and how that's going to set a base for the rest of the growth of the company. So today, I'm going to focus on key fundraising terms of the term sheet it for typical venture financing. And I'll really focus just on the most material terms. And we'll have time for some q&a at the end. So first, what is a term sheet? Well, it's an expression of intent, it is generally non binding. So investors will present a term sheet that will say, you know, the material terms of what the financing will look like. And we'll go through what that is. But it's not really a binding commitment, it's really, it's just to start getting a meeting of the minds of what these key terms will be. To make the drafting of the full form documents more efficient. It's also an opportunity to just start a conversation, what's it going to be like to work with this investor as a partner for, you know, a long time basically through the exit event of your company. In the term sheet, we'll start with though most of it is non binding, there are usually a couple of binding terms. One is confidentiality, people are going to want you to keep the terms of that particular term sheet confidential and not share it with a lot of folks, you may have to share it obviously with their people internally and your advisors in order to process the transaction. But the idea is that you don't go out and share it with the world more generally. And you definitely don't share it with other potential investors. That's a big No, no here. It's just bad etiquette. And, you know, consider really bad practice in in this people do shop deals, just to be clear, like before you signed a term sheet in terms of talking about general terms of what investor A's kind of offering. So investor B, do you want to think about matching that? Or what can you do that's going to be more favorable to the company or you know, what kind of terms are you offering, but once you sign a term sheet, you will sign up to this non solicitation or exclusivity or no shot provision has a few different names. And what that says is that during the time of usually 30 to 45 days following signing the term sheet, you aren't going to actively engage with any other investor. investors want this because they're going to commit resources to doing diligence, starting to draft and negotiate documents just getting to know you and before they dive in, they want you to have a commitment us company to have a commitment that you're going to do a deal with them not go looking for another option.