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

106

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Author

R

Rafie Faruq

@rafie43034244
YCombinator

GigXR
photosynthesis
ungaro interiors
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CHQL
Vionix Biosciences Inc
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Technology
17%
Consultancy
15%
Legal Services
11%
Finance
8%
Education
5%
Other
5%
Consumer, Public & Health Services
4%
Real Estate
4%
Sport & Entertainment
4%
Media
3%
Retail
3%
Construction
3%
Energy
3%
Manufacturing
3%
Public Administration
3%
Agriculture, Forestry and Fishing
2%
Transport
2%
Mining
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Insurance
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Terms of use

This is not legal advice - see more
Genie AI terms and conditions
Code of conduct

3 years ago

R

Rafie Faruq

Description updated

4 years ago

R

Rafie Faruq

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