Know Your Term Sheet

About Know Your Term Sheet

Know Your Term Sheet is an AI-powered tool that demystifies the often complex and confusing venture capital term sheets for startup founders. This tool is the brainchild of Pranit Bauva, a former founder who understands the challenges faced by entrepreneurs when dealing with VC term sheets.

The tool is equipped with a comprehensive list of questions that cover all aspects of a term sheet, from liquidation preferences to vesting schedules, anti-dilution clauses, and protective provisions. It also includes questions about board members, conversion clauses, and various other provisions that can impact the company and the founders.

The user interface is straightforward and user-friendly, making it easy for founders to use the tool without any technical expertise. The tool is designed to be used with an LLM model, allowing founders to attach their term sheet and get detailed explanations of each clause.

Know Your Term Sheet can be used across various sectors, making it a versatile tool for all startup founders. While the tool does not replace legal advice, it provides founders with a solid understanding of their term sheets, enabling them to negotiate better terms with their investors.

The tool's impact on the startup ecosystem is significant, as it empowers founders to take control of their funding process. Looking ahead, the tool is expected to evolve based on user feedback and the changing dynamics of the venture capital industry.