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NVCA standard · priced round

Generate a Series A term sheet. NVCA standard. No surprises.

Series A term sheets follow the NVCA (National Venture Capital Association) model. Valuation (pre-money and post-money), liquidation preference (1x non-participating is standard), board composition (3 founders, 2 investors, 0 independent is common), anti-dilution (weighted-average broad-based), protective provisions. We generate term sheets in NVCA standard form so the definitive docs come together fast.

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How it works

How we handle Series A Term Sheet, end-to-end.

Series A term sheets follow the NVCA (National Venture Capital Association) model.

1

Set valuation

Pre-money valuation (founder + employee + earlier SAFE ownership). Investment amount. Post-money = pre-money + investment. New investor's ownership percentage = investment / post-money.

2

Configure key terms

Liquidation preference (1x non-participating is standard), dividend rights (none is standard), anti-dilution (weighted-average broad-based is standard), pro rata rights, board composition.

3

Protective provisions

Decisions requiring preferred stockholder approval: change of charter, issuance of senior preferred, sale of company, M&A, redemption, increasing option pool, taking on debt above threshold. Standard list.

4

Output and proceed

Generated term sheet delivered as PDF and Word. Lead investor signs. Definitive docs (purchase agreement, charter amendment, investor rights agreement, voting agreement) follow. Standard NVCA package.

What we'll set up for you

A clean handoff, in four steps.

You give us the basics. We handle the state, the IRS, and the compliance clock so you can focus on the business.

01 · Name + Brand

A name that's actually available.

Real-time check against the state register, USPTO trademark database, and matching domains.

02 · State filing

Filed with the Secretary of State.

We submit your Articles, pay the state fee on your behalf, and return the stamped certificate.

03 · Federal IDs

EIN + the right tax setup.

Federal Employer ID with the IRS, plus state tax accounts when your business needs them.

04 · Stay compliant

Registered Agent + deadline tracking.

Your agent on file in every state, with every renewal and annual report tracked in one calendar.

Pricing

Transparent series a term sheet pricing.

Government fees pass through at cost. No upsells.

Generate

$0
Unlimited term sheets.

Generate NVCA-standard term sheets in any volume. Free forever. All standard configurations supported.

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Pro + Review

$999
Attorney review of your term sheet.

Generated term sheet plus attorney review by our startup-finance partner. Focused review of liquidation preference, board composition, anti-dilution, and any non-standard terms. Includes pre-negotiation strategy call.

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Definitive Docs Package

$9999
Term sheet through close.

Generated term sheet plus full NVCA definitive-doc package (purchase agreement, charter amendment, investor rights agreement, voting agreement) by our partner law firm. For Series A rounds up to $5M. Larger rounds: custom quote.

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FAQ

About the Series A Term Sheet Generator.

What is a Series A term sheet?
A Series A term sheet is the document outlining the key terms of a startup's Series A financing, valuation, investment amount, and investor rights, before the full legal documents are drafted. It sets the framework for the round. We keep your cap table and corporate records organized so a financing runs cleanly.
What terms does a Series A term sheet cover?
Typically the pre-money valuation, investment amount, the type of stock, liquidation preferences, board composition, protective provisions, and investor rights, so it captures the economics and control of the round. We flag how these terms affect your ownership and governance so you understand the deal you are agreeing to.
What is a liquidation preference?
A liquidation preference sets how investors are paid before common holders in a sale or wind-down, so it affects who gets what in an exit, making it a key economic term. We flag how it works so you understand its effect on founders and other holders in your cap table.
How does a term sheet affect my cap table?
The valuation, investment, and any option-pool expansion determine the dilution of existing holders, so the term sheet's terms translate directly into your post-round ownership. We keep your cap table organized so you can model the impact before you sign rather than after.
What are protective provisions?
Protective provisions give investors approval rights over certain major decisions, so they affect control beyond board seats, which founders should understand. We flag how these provisions shape governance so you know what control you are granting as part of the round.
Is a term sheet binding?
Usually mostly non-binding except for certain terms like confidentiality and exclusivity, so it sets the framework that the binding definitive documents then formalize. We flag which parts bind so you understand a term sheet's status as you negotiate toward the full financing documents.
Do I need a C-corp for a Series A?
Generally yes: priced venture rounds assume a C-corporation with stock, usually a Delaware C-corp, so raising a Series A typically means being one. We form the C-corp and keep your cap table organized so you are structured to raise.
How should I prepare for a Series A?
By keeping a clean cap table, corporate records, and an organized data room, since investors scrutinize these in diligence, so preparation smooths the round. We keep your records organized so a Series A is not held up by cleanup.
Can File.Business help me get ready to raise?
We form the C-corp, keep your cap table and corporate records organized, and flag how term-sheet terms affect ownership and control, coordinating with your counsel who negotiate and paper the round, so your startup is structured and prepared to raise a Series A.

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