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

109

Used by

Author

R

Rafie Faruq

@rafie43034244
YCombinator

Test Co
Asiatique Advisory Pte Ltd
HawksHead Investment
Slingshot Asia Partners LLP
Projekt 42
Kenner recruitment LTD
AIMMO
Milliken Law Ltd.
BYCap Ventures Kurumsal Finansman Danismanlik AS
Virtual Work World LLC
L
E
+97 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%

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

5 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