The day after graduation, ex-hausted and a bit hung over, four freshly minted engineers from Princeton University received a term sheet from Greg Olsen, a local businessman.rnTerm sheets are formal agreements that define the details of an investment in a company. They typically run page after page of dense legalese. According to Mark Holveck, who had graduated as a mechanical engineer the day before, the offer they received in June 2001 was a lot shorter.rn"It was a yellow Post-it Note," he said.rnSmall paper, big bucks. On it, Olsen offered the four graduates just over half a million dollars to fund their new startup.
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