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

105

Used by

Author

R

Rafie Faruq

@rafie43034244
YCombinator

CPT
Huntington Analytics
Truzo
Data Driven Finance
Ouswah Capital
Virtual Work World LLC
DALC
Foundational Marketing Ltd.
ungaro interiors
Slingshot Asia Partners LLP
Baobabooks
Webnyay
+93 more
Technology
17%
Consultancy
15%
Legal Services
11%
Finance
8%
Education
5%
Other
5%
Consumer, Public & Health Services
4%
Real Estate
4%
Sport & Entertainment
3%
Media
3%
Retail
3%
Agriculture, Forestry and Fishing
3%
Construction
3%
Energy
3%
Manufacturing
3%
Public Administration
3%
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