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TermSheet Pro
For founders holding a live term sheet
Know what you're signing — before you sign it.
Paste a venture term sheet. In seconds: your real dilution, every off-market clause flagged against named, dated sources, and what you'd actually take home at each exit. Free to analyze — no signup, no card.
See a sample analysis
98.2%
of deals are 1x preference
COOLEY Q1 2026
0%
of 2025 deals used full ratchet
WILSON SONSINI FY2025
~16%
median dilution, seed–Series C
CARTA FY2025
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How it works
Paste or upload
Drop in the term sheet you were sent. AI extracts every term into a structured model — nothing stored unless you save it.
See the real math
Dilution, the liquidation waterfall at six exit values, and every clause checked against sourced, dated market data.
Walk in prepared
Export a prioritized question list for your lawyer, so expensive legal time goes to negotiating — not explaining.
What you get
Market Check — sourced & dated
Every verdict cites a named report: Cooley, Wilson Sonsini, Fenwick, Carta. Current as of Q1 2026.
What you'd take home
The exit waterfall shows founder proceeds at fire-sale through 10x — including exactly where preferences wipe common out.
Compare competing offers
Two term sheets, same exit ladder, one verdict — including when the higher valuation actually pays you less.
Questions for your lawyer
A prioritized, benchmark-cited question list as a Word doc. Prep for counsel, not a substitute for it.
TermSheet Pro is an educational tool, not legal or financial advice. Analyses are informational only and create no attorney-client relationship — always review your term sheet with a qualified startup attorney.
Built by the team behind Cognirithm Money.