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.
Read venture capital deal terms explainers below.
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.
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.
Venture debt is non-dilutive capital on top of a priced equity round. Here's how term sheets, warrants, covenants, and drawdown mechanics actually work.
