Term sheet
A short, mostly non-binding document setting out the key terms of an investment before the long-form legals.
Price is only half of it — control, preferences and board seats live here too, so read past the valuation.
Hear it from people who've done it
Get the real-world version of "Term sheet" drawn from hundreds of conversations with founders and investors.
Ask the Network →Episodes on Fundraising
Life After Launch with Megan Luttrell & Geo George · 27 July 2026
Dom Pym – The Little White Lie That Built a Bank for 1.4 Million Aussies
Founders in Motion with Thea Ngo · 23 July 2026
Impact Investing at $10: The Fortune He Lost, The Fund He Built | Arjun Agarwal, inaam
In The Blink Of AI with Georgie Healy · 16 July 2026
"The SaaS Apocalypse Is A Myth" with Freddie McKenzie, Co-Founder & CEO of Manifest
Due diligence
The investor's verification of your numbers, tech, legals and team before money moves.
Liquidation preference
The rule that decides who gets paid first, and how much, when the company is sold.
Board seat / observer
A right to a seat (and vote) on your board, or to observe without voting.
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