This is our (Genie AI)'s seed investment term sheet. Ultimately it is a very standard term sheet, so we hope you find it useful!
This model term sheet for Series A round has been drafted by BVCA for companies anticipating a significant investment made either in part or whole by fund investors.
The term sheet, for early stage venture capital investment, has been revised and re-launched by BVCA following a review involving their Venture Capital and Legal committees. The aim is to provide industry-standard legal documentation to allow entrepreneurs and investors to save time and money when negotiating a deal.
This comprehensive term sheet, drafted by Atlassian and customisable on the Genie AI platform, aims to remove confusion surrounding the M&A process, particularly for founders who are selling a company for the first time. It contains explanations of key terms to aid transparency and a fair agreement.
By moving away from one-sided, buyer-favourable terms, this term sheet may reduce friction and avoid lengthy negotiations.
Some of the major terms to pay attention to are: purchase price, founders’ roles, stock vs. cash consideration, retention equity, indemnification, escrow and risk allocation.
This is a lightweight but typical term sheet that a venture capital investor would give to a company or founder when investing in their company. This term sheet is typical of a pre-seed or seed investment round, and also includes a draft cap table in the schedule. The template is drafted to be investor friendly.
This is a lightweight but typical term sheet that a venture capital investor would give to a company or founder when investing in their company. This term sheet is typical of a pre-seed or seed investment round, and also includes a draft cap table in the schedule. The template is drafted to be founder friendly.
This is a standard, easy and fast term sheet, drafted by YC and customisable live on the Genie AI platform. 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. If you begin with complex terms, you will invariably make future rounds more complicated which might result in some investors dropping out.
Y Combinator have seen hundreds of term sheets and they therefore know what 'good' looks like. Founders, especially if it is their first company, do not. YC created this term sheet as an attempt to standardise terms and use plain english rather than legalese to alleviate this common disadvantage faced by founders.
The clauses and legal terms around company structure, board composition and operational control are particularly important to keep balanced and standardised.
Investors might manifest their desire to reduce downside risk or boost upside potential through the use of dirty terms, pushing you to sell against your wishes or controlling how much risk you take on in pursuit of a new potential strategy or pivot.
This template is intended to be customised with your own requirements, so you can cover the specifics of your standard needs. It will also allow you to fully customise it to your own specifications as you deem fit.
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. If we don't have a template for you to use yet, we will try to refer you to law firms and lawyers who may be able to help you instead.
Note: Although we list lawyers who may be able to help, this does not indicate that the listed law firms have an affiliation or partnership with Genie AI.
A Founder Agreement sets out the terms on which two or more individuals (co-founders) have agreed to work together in a newly incorporated company in order to develop a business concept and/or technology.
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A mutual confidentiality agreement (also know as a non-disclosure agreement) is where both parties agree terms on which to disclose confidential information to each other for general commercial purposes.
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A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!
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A Consultancy Agreement is a contract for services between an independent contractor (a self employed individual) and a client company which sets out the terms on which the contractor provides consultancy services to the client company. Also known as freelancer agreement or contractor agreement.
The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.
A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!
Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.
This template is to be used the next time your company needs to set out terms with an individual (i.e. not to be used for agreements involving a personal service company as defined within IR35). It sets out the terms on which a contractor provides services to a client company, and is perfect for freelance software developers, marketing consultants, designers, PR/HR/recruitment consultants.
A policy to outline the commitment of your organisation to the laws, regulations, and other policy mechanisms concerning environmental issues. This includes a mission statement, policy aims, and a breakdown of steps your organisation will take to achieve these aims.
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