Convertible Note Term Sheet

Seed and bridge rounds don't need a priced valuation fight. This template follows US market standards with non-binding investment terms and binding confidentiality, aligned with 2026 conventions. ‍

What you get:

• Non-binding investment terms (valuation cap, discount rate, conversion triggers) and binding confidentiality and exclusivity provisions

• Clear conversion mechanics for Qualifying Financings, Liquidity Events, and maturity, plus investor information rights

• Built-in drafting notes on interest rates, maturity, and conversion triggers for current market practice

• Ready-to-customize Qualifying Financing threshold and discount rate