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Know Your Term Sheet

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A free copy-paste LLM prompt that helps startup founders decode and question VC term-sheet clauses.

What it does

Know Your Term Sheet is a single-page free resource offering a ready-made AI prompt. Founders paste it plus their term sheet into an LLM to get plain explanations of liquidation preferences, vesting, anti-dilution, and other clauses.

Core features

Ready-made term-sheet analysis prompt
Covers liquidation preference, vesting, and anti-dilution
Works with any large-context LLM
No sign-up or data sharing required

Best for

Understanding a VC term sheet before signing
Spotting founder-unfavorable clauses
Preparing questions for a startup lawyer