A partner meeting is the meeting at a venture firm where the full partnership reviews a startup and votes on issuing a term sheet. Often called the "Monday meeting" because many VC firms hold their full-partnership meeting on Monday mornings, it happens after the startup has progressed through earlier stages of diligence, and the vote (formal or informal) determines whether a fundraise round actually happens for that firm. It is the meeting founders prepare for most carefully and the meeting where the deal can fall apart based on a single skeptical partner's pushback.
The structure of a typical partner meeting: the sponsoring partner (the partner who's been working with the startup through earlier meetings, often after an in...