Reading a Term Sheet as a Founder

Two offers, one at a higher valuation, and the lower one pays you more at every exit you are likely to reach. This course computes what four clauses actually do to your proceeds, at three different exit values.

₹499/- ₹0

Offer ends in 5 days

1,000 seats total 227 left

773 already enrolled

Six things you will be able to do

Go past the headline number you were offered. Learn to compute what you actually keep, at the exits that are realistic.

01 Model your own proceedsBuild the payout waterfall from your cap table, not from the valuation headline.
02 Compute the preferenceWhat investors take off the top before founders see a rupee, and at what multiple.
03 Test participationWhether they take the preference and then share the remainder alongside you.
04 Price the option poolWhether it comes out of your stake before the round or everyone’s after it.
05 Run three exit scenariosA modest exit, a good one and a great one, with proceeds computed for each.
06 Negotiate the right thingsWhich terms are worth trading away and which quietly cost you the outcome.

What changes after this course

You stop comparing offers by valuation and start comparing what you keep, computed at the exits you might actually reach.

Your own proceeds modelled from the cap table, at three exit values

Four clauses computed rather than skimmed: preference, participation, pool, anti dilution

A clear view of which terms to negotiate and which are worth conceding

What our learners say

LN
Learner name Role or college

One line about what changed for them.

LN
Learner name Role or college

One line about what changed for them.

LN
Learner name Role or college

One line about what changed for them.