Venture deals
Venture deals: rounds, terms and timelines, and what founders and employees end up with
This sub-hub covers venture financing from the earliest rounds to later ones: what the instruments and terms mean in practice, how long a round takes, and what founders and employees end up with when a company raises, sells or struggles. UK and US practice are set side by side.
What readers ask
- What does a 1x liquidation preference mean?
- What does pro rata rights mean?
- What is the difference between a SAFE valuation cap and a discount?
- How hard is it to get Series A funding?
- What is the point of pre-seed?
- Can you provide an example of a term sheet?