Journal · #startup funding

What Is a Term Sheet: Clauses, Terms, and 2026 Benchmarks

What a term sheet is, how each clause functions, what 2026 data from 711 analyzed deals reveals about market benchmarks, and where founders lose negotiating leverage.

Convertible Note vs SAFE: The 2026 Founder Decision Map

SAFEs dominate pre-seed fundraising at 88% of Carta-tracked rounds. Convertible notes retain a role in bridge rounds and international deals. Here is how to choose.