template

Standard Series A Term Sheet (YC)

by

R

Rafie Faruq

Apr, 13 2022

When to use this template

This template can be used to outline all the terms and conditions of a Series A investment

Key issues covered in this template

Securities & investment amounts
Post-money valuation
Liquidation preference
Dividends
Conversion to common stock
Voting rights
Drag-along
Other rights and matters
Board of directors
Founder and employee vesting
Warrant coverage
Cumulative dividends

What to watch out for

Series A documents set the precedent for the terms of future rounds. For this reason you want to keep things simple early on, as complexity can creep in with each round

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Used by

Author

R

Rafie Faruq

@rafie43034244

YCombinator

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Terms of use

This is not legal advice - see more

Genie AI terms and conditions

Code of conduct

Additional information

Business categories

Investment

Business activities

Agree An Investment Term Sheet

Contract type

Investment Agreement Term Sheet

Relevant sectors

Technology

Relevant company sizes

1 - 3

20 - 49

4 - 19

50 - 249

Governing law

United States

Language

English US

Gender neutral

Yes