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Equity Financing Term Sheet

Draft Venture Equity Term Sheets in Minutes, Not Hours

12 minutes with CaseMark

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Equity Financing Term Sheet

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Workflow

Equity Financing Term Sheet

Overview

CaseMark's Equity Financing Term Sheet skill transforms raw deal facts, cap table data, and governance preferences into a comprehensive, negotiation-ready venture equity term sheet. The AI produces an investor-grade document covering economics, preferred stock rights, governance, investor protections, transfer restrictions, and closing mechanics — all structured for seamless translation into definitive agreements.

Drafting a venture equity term sheet manually requires assembling dozens of interrelated provisions — pricing, liquidation preferences, anti-dilution mechanics, governance structures, and investor protections — while ensuring internal consistency across every section. Errors or omissions in this foundational document cascade into costly renegotiations and delays in closing definitive agreements.

CaseMark's AI ingests your deal facts, cap table, and governance preferences, then produces a fully structured term sheet with validated economics, market-standard defaults for any missing terms, and clear placeholder flagging. The result is a consistent, investor-grade document ready for negotiation, dramatically reducing drafting time and the risk of downstream inconsistencies.

How it works

  1. 1. Upload your deal facts, cap table, and governance preferences

  2. 2. AI validates inputs, maps data to term sheet sections, and flags any gaps

  3. 3. Review the fully drafted term sheet with economics, governance, and investor protections

  4. 4. Export the negotiation-ready document in your preferred format (DOCX, PDF)

What you get

  • Header & Round Summary

  • Definitions

  • Economics & Pricing

  • Preferred Stock Rights (Dividends, Liquidation, Conversion, Anti-Dilution)

  • Governance & Protective Provisions

  • Investor Rights & Registration Rights

  • Transfer & Liquidity (ROFR, Co-Sale, Pro-Rata)

  • Closing Mechanics & Conditions Precedent

What it handles

  • Complete term sheet with economics, governance, and investor protections in structured section order

  • Automatic pre/post-money ownership and dilution impact calculations from cap table inputs

  • Built-in consistency controls linking definitions to downstream sections for follow-on definitive agreements

  • Intelligent placeholder flagging for missing deal terms with sensible market-standard defaults

  • Coverage of ROFR, co-sale, pro-rata, registration rights, and closing mechanics in a single document

  • Non-binding header and binding provisions clearly delineated per market practice

Required documents

  • Deal Facts & Round Metadata

    Summary of the financing round including series name, lead investor, raise amount, pre-money valuation, and price per share inputs

    .pdf, .docx, .xlsx

  • Pre-Financing Cap Table

    Current capitalization table showing common stock, preferred stock, options, warrants, convertible instruments, and reserved option pool

    .pdf, .docx, .xlsx

  • Governance & Rights Preferences

    Desired board composition, protective provisions, anti-dilution type, liquidation preference structure, and investor rights parameters

    .pdf, .docx

Supporting documents

  • Existing Charter & Bylaws

    Current certificate of incorporation and bylaws to ensure term sheet alignment with existing corporate documents

    .pdf, .docx

  • Prior Financing Agreements

    Previous stock purchase agreements, investor rights agreements, or SAFE/convertible note documents for continuity reference

    .pdf, .docx

Why teams use it

Reduce term sheet drafting time from hours of manual work to minutes of AI-assisted generation

Eliminate calculation errors with automated pre/post-money ownership and dilution analysis

Ensure no critical provisions are missed with a comprehensive, market-standard section framework

Accelerate deal velocity by delivering a polished, negotiation-ready document to counterparties faster

Questions

What information do I need to generate a term sheet?

You'll need the company's legal name and jurisdiction, round metadata (series name, lead investor, raise amount, valuation), a pre-financing cap table, and your governance preferences. CaseMark flags any missing fields with clear placeholders so you can fill gaps later.

Does CaseMark handle different anti-dilution and liquidation preference structures?

Yes. CaseMark supports broad-based weighted average, narrow-based weighted average, and full ratchet anti-dilution, as well as participating and non-participating liquidation preferences with customizable caps. The AI applies your specified terms or inserts market-standard defaults.

Is the generated term sheet legally binding?

The output follows market convention with a clear non-binding header and separately identified binding provisions (such as confidentiality and exclusivity). CaseMark drafts the document for negotiation; final legal review by counsel is always recommended.

Can I use this for different series rounds (Seed, Series A, Series B, etc.)?

Absolutely. CaseMark adapts the term sheet structure to any equity financing round. Simply specify the series name and round-specific terms in your deal facts, and the AI tailors economics, governance, and investor rights accordingly.

How does CaseMark ensure consistency between the term sheet and future definitive documents?

CaseMark builds internal consistency controls that link defined terms, economic calculations, and rights provisions throughout the document. This creates a reliable foundation for drafting the stock purchase agreement, investor rights agreement, and other definitive documents.

What jurisdictions does this term sheet cover?

The skill is designed for U.S. corporate law, typically Delaware incorporation. If your company is incorporated in a different state, CaseMark adjusts governing law references and flags jurisdiction-specific considerations for counsel review.

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