template

Seed Investment Term Sheet (Genie AI)

by
C
Chris Young
Apr, 01 2022

When to use this template

  • This is our (Genie AI)'s seed investment term sheet

  • The template outlines the main terms and conditions of an investment deal

Key issues covered in this template

  • Securities to issue
  • Aggregate proceeds
  • Investors and founders
  • Valuation
  • Liquidation preference
  • Conversion
  • Dividends
  • Voting rights
  • Financial information
  • Participation (pre-emption) right
  • Right of first refusal and co-sale
  • Drag along
  • Employee vesting
  • Binding terms
  • Governing law

What to watch out for

  • Term sheets are used as a basis for preparing the final investment agreement

  • Except for the section "Binding Terms", there are no legally binding obligations

278

Used by

Author

C

Chris Young

@chris75410632
Genie AI Team

Innovate UK Edge @ UCL
Arpan Desai
Curamus Maxime Ltd
TheHIVE Enterprise Ltd
Data Driven Finance
Winemakers Rock Ltd
Virtual Work World LLC
Sanctoras
DGNCT LLC
Benn Holdings
Rainforest Bakery
Webnyay
+266 more
Technology
22%
Consultancy
15%
Finance
10%
Legal Services
7%
Other
6%
Education
5%
Consumer, Public & Health Services
5%
Media
4%
Real Estate
3%
Agriculture, Forestry and Fishing
3%
Retail
3%
Energy
3%
Sport & Entertainment
3%
Construction
3%
Wholesale
2%
Insurance
2%
Manufacturing
1%
Mining
1%
Transport
1%
Public Administration
1%

Additional information

Business categories

Relevant sectors

Technology

Relevant company sizes

1 - 3

4 - 19

Governing law

England and Wales

Language

English UK

Gender neutral

Yes