Fundraising & Investors

Valuation, SAFEs & term sheets

Understand the paper before you sign it.

Level All Beginner Intermediate Advanced
Who's asking Everyone Idea-Stage Founder Builder Grower Non-Technical Founder Women Founder Tier-2/3 India Founder Repeat Founder
What do the key terms in a term sheet actually mean? Term sheets split into economics (valuation, option pool, liquidation preference) and control (board seats, protective provisions, voting). The sca... Advanced 3 resources → How much dilution should I expect across seed and Series A? Plan for roughly 10-20% dilution per priced round plus the option pool, and remember that stacked SAFEs at different caps all convert at once and c... Intermediate 3 resources →