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NVCA standard · priced round

Generate a Series A term sheet. NVCA standard. No surprises.

Series A term sheets follow the NVCA (National Venture Capital Association) model. Valuation (pre-money and post-money), liquidation preference (1x non-participating is standard), board composition (3 founders, 2 investors, 0 independent is common), anti-dilution (weighted-average broad-based), protective provisions. We generate term sheets in NVCA standard form so the definitive docs come together fast.

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How it works

How we handle Series A Term Sheet, end-to-end.

Series A term sheets follow the NVCA (National Venture Capital Association) model.

1

Set valuation

Pre-money valuation (founder + employee + earlier SAFE ownership). Investment amount. Post-money = pre-money + investment. New investor's ownership percentage = investment / post-money.

2

Configure key terms

Liquidation preference (1x non-participating is standard), dividend rights (none is standard), anti-dilution (weighted-average broad-based is standard), pro rata rights, board composition.

3

Protective provisions

Decisions requiring preferred stockholder approval: change of charter, issuance of senior preferred, sale of company, M&A, redemption, increasing option pool, taking on debt above threshold. Standard list.

4

Output and proceed

Generated term sheet delivered as PDF and Word. Lead investor signs. Definitive docs (purchase agreement, charter amendment, investor rights agreement, voting agreement) follow. Standard NVCA package.

What we'll set up for you

A clean handoff, in four steps.

You give us the basics. We handle the state, the IRS, and the compliance clock so you can focus on the business.

01 · Name + Brand

A name that's actually available.

Real-time check against the state register, USPTO trademark database, and matching domains.

02 · State filing

Filed with the Secretary of State.

We submit your Articles, pay the state fee on your behalf, and return the stamped certificate.

03 · Federal IDs

EIN + the right tax setup.

Federal Employer ID with the IRS, plus state tax accounts when your business needs them.

04 · Stay compliant

Registered Agent + deadline tracking.

Your agent on file in every state, with every renewal and annual report tracked in one calendar.

Pricing

Transparent series a term sheet pricing.

Government fees pass through at cost. No upsells.

Generate

$0
Unlimited term sheets.

Generate NVCA-standard term sheets in any volume. Free forever. All standard configurations supported.

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Definitive Docs Package

$9999
Term sheet through close.

Generated term sheet plus full NVCA definitive-doc package (purchase agreement, charter amendment, investor rights agreement, voting agreement) by our partner law firm. For Series A rounds up to $5M. Larger rounds: custom quote.

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FAQ

About the Series A Term Sheet Generator.

What is the difference between SAFE and Series A?
SAFE is a convertible instrument used pre-priced-round (typically pre-seed and seed). Series A is a priced round: actual preferred stock issued at a defined valuation. SAFEs convert to preferred stock at the Series A. Most companies do 1-3 SAFE rounds then a Series A.
What is 1x non-participating liquidation preference?
Investor gets the higher of: (1x their investment) or (their pro rata share of the sale price). Non-participating means they pick one, not both. Standard for Series A. 1x participating (investor gets both preference and pro rata) is more aggressive and less common.
What is weighted-average anti-dilution?
Protects investors against down rounds (later round at lower price) without being punishing. Formula adjusts the investor's conversion price based on the size and price of the new round. Broad-based (most common) includes the option pool in the calculation; narrow-based excludes it (more favorable to investor).
How big should the option pool be?
Typically 10-15% of post-money for Series A. Larger pool dilutes founders more (because the pool is usually carved out of pre-money before the round closes). 10% is standard for Series A; 15-20% is common for Series B+ rounds with growing teams.
Do I need a lawyer for a Series A?
Yes. Even with NVCA standard docs, the definitive agreements are 100+ pages and have business-specific decisions in many places. Our Generate tier is for understanding terms and getting the conversation started; Definitive Docs Package is for actually closing the round.
What is a no-shop clause?
Issuer (you) agrees not to negotiate with other investors for a defined period (typically 30-45 days). Required by most lead investors. Mirrors the exclusivity clause in an M&A LOI.
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