Term Sheet
Definición
A term sheet is the mostly non-binding summary of a proposed investment: valuation, round size, liquidation preference, board composition, and key rights, negotiated before final documents.
Cómo aparece en el fundraising
A signed term sheet with a no-shop effectively ends the competitive process, so founders collect competing term sheets before signing, not after.
Preguntas frecuentes
Which term sheet clauses are binding?
Typically exclusivity (no-shop) and confidentiality; the economic terms bind only in definitive documents at closing.
What matters most in a term sheet besides valuation?
Liquidation preference structure, board composition, option pool sizing, and protective provisions; a worse valuation with clean terms often beats the reverse.
Recursos de Round Funded
Términos relacionados
Pon este término en práctica
Las definiciones solo ganan negociaciones cuando estás en una. Encuentra los inversores que financian tu etapa y empieza la conversación.
Explora la base de datos de inversores