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

Tech for Kids Academy
Thymia
Superhumn
LCT
ungaro interiors
Allen Brown
Projekt 42
soel
Silly Licensing
Capital V
K
s
+94 more
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
2%
Insurance
2%
Wholesale
1%

Additional information

Business categories

Relevant sectors

Technology

Relevant company sizes

1 - 3

20 - 49

4 - 19

50 - 249

Governing law

United States

Language

English US

Gender neutral

Yes