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Learn/Term sheets and deal terms
LearnTerm sheets and deal terms

0 of 6 lessons, sign in to save

B Basic

  • Reading a term sheet9m
  • The fully diluted cap table and vestingPro9m
  • Convertible notesPro8m

A Advanced

  • A round with a SAFE, a pool, and new moneyPro12m
  • Preference stacks across several seriesPro12m
  • Anti dilution, down rounds, and pay to playPro11m
  • FlashcardsPro0/17
  • Basic quizPro80% passes
  • Advanced quizPro80% passes
  • Terms

Preference stacks across several series

After a few rounds, each series has its own preference and seniority. Who gets what in a sale depends on whether the stack is pari passu or senior, and on which holders choose to convert.

This lesson is Pro

All 6 lessons in Term sheets and deal terms, with checks as you read, two quizzes, and flashcards.

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