Example Preferred Stock Term Sheets

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Preferred stock term sheets come in a variety of different shapes and sizes. You can find example preferred stock term sheets at the following sites:

• Series Seed (a simple term sheet that’s appropriate for smaller preferred stock rounds)

• Techstars (intermediate-length term sheet)

• NVCA (full-blown, full-length VC-style term sheet for large rounds)

• Alliance of Angels Model Term Sheet (a middle ground approach, more detailed than Series Seed, but less complex and lengthy than the full-blown, full-length VC-style term sheet found at NVCA)

In the appendix, you’ll find an example of what you would call a light-weight Series A Term Sheet.