VCs see thousands of term sheets a year. Founders see one.
TURNSHEET exists to close that information gap.
The first time most founders see a real term sheet, they have a few days to decide whether to sign it. The investor across the table has signed hundreds. They know which clauses are negotiable, which are fashionable, and which ones quietly transfer the company from your hands to theirs in five years.
Founders deserve the same vocabulary. Not legalese — vocabulary. The kind that lets you say, "the 2× participating preferred is not market for our stage, please move to 1× non-participating," without flinching.
That's what TURNSHEET is. We read your term sheet, score it against what comparable founders in your region and stage are actually getting, and tell you — in plain English — which clauses are routine, which are aggressive, and which would, in the wrong outcome, leave you with nothing.
The product is free for founders, forever. VCs subscribe to manage their public profile on TURNSHEET, and 100% of subscription revenue, after operating costs, is deployed back to founders through the Founder Capital Pool.
Why we built this
We built TURNSHEET because the asymmetry between founders and VCs is the largest unsolved information gap in early-stage capital. Cap-table tools, pitch coaching, and accelerator advice all assume founders already know what a fair term sheet looks like. Most don't. The result is a quiet tax on first-time founders who couldn't decode the clause that mattered.
Why UNOCU
TURNSHEET is built and operated by UNOCU, an infrastructure company building the alternative to traditional venture capital. UNOCU's mission is to give founders capital paths that don't require giving up control. TURNSHEET is the front door — the intelligence layer that helps founders see what they'd be giving up before they sign anything.
If, after reading your TURNSHEET analysis, the answer is "this deal isn't worth it" — that's the right outcome. UNOCU is here when you want to explore what comes next.
What we are not
TURNSHEET is intelligence, not legal advice. We give you the language and the benchmarks so you can have a sharper conversation with a qualified lawyer — not replace that lawyer. Every analysis ends with the same line: review with qualified counsel before signing. We mean it.