Standard
terms
are not standard.
The phrase your VC keeps using describes about three clauses out of fifteen. The rest is negotiable, and most of it gets quietly negotiated against founders who don't know to push back. TURNSHEET tells you which is which — for free, in 90 seconds, before the lawyer's clock starts.
Three steps. About 90 seconds.
No lawyer needed for the first read. Paste the text or drop the PDF — TURNSHEET handles the rest.
Submit your term sheet
Paste the text or drop the PDF. We strip names, emails, and any personal identifiers before analysis runs.
Get your Fairness Score
Every material clause is extracted, classified against market norms, and scored from 0 to 100 using our published rubric.
Walk into the room ready
Get plain-English explanations, regional benchmarks, and exact counter-proposal language for every red flag.
The asymmetry between founders and VCs ends when both sides read the same dictionary.
- Sign first, ask later → Know before you sign
- Trust the deck → Trust the data
- Ask your network → Read every clause
- Hope it's standard → See the benchmark
30+ predatory clauses, every one explained.
An open, plain-English library of the term-sheet clauses that quietly cost founders millions. Free to read, indexed for search, written so a first-time founder can follow.
3× Liquidation Preference
The investor gets back three times their money before founders or employees see a single dollar at exit.
Full-Ratchet Anti-Dilution
If you raise your next round at a lower valuation, the investor's shares are repriced as if they had paid that lower price all along — and your equity is wiped out to compensate them.
Participating Preferred (Double-Dip)
The investor gets their preference back AND their pro-rata share of whatever's left — so they get paid twice from the same exit.
VCs pay to manage their reputation. 100% of that revenue goes back to founders.
Founders never pay TURNSHEET — not a cent, not for any tier. VCs subscribe to manage their public profile. Every dollar of profit is deployed back to founders through micro-grants, alternative-capital instruments, and a public on-chain ledger you can verify.
See the transparency ledger →Founders never pay. VCs choose how much transparency to opt into.
Three subscription tiers for VC firms. None of them buys a higher Fairness Score — only fairer terms do that.
Verified founders get unlimited term-sheet analyses, the full red-flag database, and the negotiation guide.
- Unlimited term sheet analyses
- Full Founder Fairness Score breakdown
- Plain-English clause explanations
- Regional benchmarks & negotiation language
- Anonymous submission with PII scrub
Claim your firm's profile, respond publicly to founder reports, see who's viewing.
- Verified firm badge
- Public response to interactions
- Profile analytics
- Editorial review of stated thesis
For firms who consistently issue founder-friendly terms. Score-gated, not buyable.
- Founder-Endorsed badge (score-gated ≥70)
- Featured placement in firm directory
- Direct intro program with verified founders
- Quarterly reform report
Get early access. Help shape the rubric.
TURNSHEET launches in waves. Founders join first, lawyers second, VCs last. Tell us where you fit and we'll send your invite.