Know what's in your term sheet before you sign it.
Upload a term sheet. Get a Founder Fairness Score, every clause flagged with severity, and exact counter-language to negotiate. In minutes, not weeks.
Drop in any term sheet.
PDF, DOCX, or paste the text directly. We support equity term sheets, SAFEs, convertible notes, venture debt facilities, and revenue-based financing agreements.
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- ▸ Auto-deleted after 30 days unless you save it
Every clause, read and ranked.
Our model extracts every economic and control clause — liquidation preferences, anti-dilution, board composition, drag-along, vesting, MAC clauses, covenants — and compares each one against our open database of 30+ equity red flags and 11 debt red flags.
The library is reviewed by qualified counsel and built from real founder reports across 200+ deals.
A single number you can act on.
The Founder Fairness Score combines every flagged clause into one score from 0 to 100, with sub-scores for equity terms and debt terms. Above 80 is founder-friendly. Below 40 means walk away or renegotiate hard.
SEE THE FULL RUBRIC →Each flag, explained in plain English.
Every flag includes what it means, why it matters in dollar terms, how often it appears in real deals, and exactly how to push back.
2× Participating Liquidation Preference
Investors get 2× their money back and share in the remaining proceeds with common shareholders. On an £8M raise, that's £16M off the top before founders see anything — even on a £40M sale, founders end up with a fraction of what the cap table implies.
Ask for 1× non-participating as the baseline. If they push back, accept 1× participating with a cap at 2× the investment as the absolute ceiling.
"1× non-participating, with no double-dip on liquidation events."
Walk in with exact language.
For each flagged clause, we generate a counter-position and the actual paragraph you can paste into your reply. Tested against typical VC pushback patterns.
Not legal advice — your lawyer signs off — but you arrive at the call already knowing what to ask for and why.
A handover document for your lawyer.
Export the full analysis as a clean PDF — score, flag list, negotiation language, methodology references — and walk into your legal review meeting with a structured agenda instead of 47 pages of contract markup.
Lawyers love it. Reduces their hours, sharpens their advice.
9 FLAGS · 3 RED · 4 AMBER
The cost of one bad clause is more than a year of salary.
Get your Founder Fairness Score in minutes. Free during beta. No credit card.