What Is a Bridge Round? When to Raise One (and When to Avoid It)
A bridge round is interim financing between two priced rounds. Here's when bridges help, when they signal distress, and how to structure them cleanly.
Venture Capital Deal Terms & Term Sheet Guides
Deal terms determine who wins in exit scenarios and how much control investors have over company decisions. Our deal-terms guides explain the economics and governance provisions founders encounter in seed through growth rounds.
Key Deal Terms Explained
- Valuation & equity: Pre-money, post-money, and option pool sizing
- Liquidation preferences: Participating vs. non-participating, multiples
- Control rights: Board seats, protective provisions, and veto rights
- Investor rights: Pro rata, information rights, and drag-along provisions
Read venture capital deal terms explainers below.
Related Articles (13 articles)
What Is a Convertible Note? Early-Stage Debt-to-Equity, Explained
A convertible note is short-term debt that converts into equity at the next priced round. Here's how interest, maturity, cap, and discount actually work.
What Is a Cap Table? How Founders, Investors, and Employees See Ownership in 2026
A cap table is the single source of truth for who owns what in your company. Here's how to build, maintain, and model one for every round.
What Is a Down Round? How to Survive One — or Avoid It
A down round is a financing at a lower valuation than the previous round. Here's what triggers one, who it hurts most, and how to structure around it.
What Is a SAFE? The Y Combinator Simple Agreement for Future Equity, Explained
A SAFE is a convertible financing instrument created by Y Combinator that converts into equity at a priced round. Here's exactly how valuation cap, discount, and MFN work.
What Is a Term Sheet? The Founder's Guide to VC Deal Terms in 2026
A term sheet is a non-binding document outlining the key terms of a proposed VC investment. Here's every section that matters and which terms to negotiate first.