<aside> 💡 Here is a standard template for a Series A termsheet. Original source & explanation: YCombinator

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Company:

[_______________________], a Delaware corporation.

**Securities:

Series A Preferred Stock of the Company (“Series A”).

Investment Amounts:

$[] million from[](“Lead Investor”)

$[_________] million from other investors

Convertible notes and safes (“Convertibles”) convert on their terms into shadow series of preferred stock (together with the Series A, the “Preferred Stock”)."

Valuation:

$[] million post-money valuation, including an available option pool equal to []% of the post-Closing fully-diluted capitalization.

**Liquidation Preference:

1x non-participating preference. A sale of all or substantially all of the Company’s assets, or a merger (collectively, a “Company Sale”), will be treated as a liquidation.

**Dividends:

6% noncumulative, payable if and when declared by the Board of Directors.

**Conversion to Common Stock:

At holder’s option and automatically on (i) IPO or (ii) approval of a majority of Preferred Stock (on an as-converted basis) (the “Preferred Majority”). Conversion ratio initially 1-to-1, subject to standard adjustments.