During a fundraising round, you may be presented with a Term sheet that may be difficult to understand at first glance. Using Pulley's Term Sheet Scanner, you'll be able to get a definition of the terms, what is agreed upon and a brief on whether the terms are standard or founder-friendly.
Watch this video for a quick brief on the Term Sheet Scanner or scroll down to view the detailed guide.
1. Uploading a term sheet document
2. Analyze the uploaded document - click on Analyze Term Sheet, the A.I. will start processing the document and its details. (this may take a while)
3. Read through the summary - The scanner will output the definition of the terms found in the document, what has been agreed upon within the term sheet, and provides a brief on whether the terms are standard and founder-friendly.
Disclaimer: This term sheet scanner (the “Scanner”) is intended to be used solely to analyze term sheets for equity financings for informational purposes only, and its output does not constitute legal or financial advice under any circumstance. The accuracy and reliability of the results generated are subject to various factors, including the quality and completeness of the input data, and may not be error-free or complete. Users should always consult with a licensed attorney or financial advisor before making any decisions based on any information provided by the Scanner. Prolific Labs Inc. d/b/a Pulley (“Pulley”) disclaims any and all liability for any damages or losses, direct or indirect, arising from or in connection with the use of or reliance on the Scanner, or the information provided by it. By using the Scanner, you agree to indemnify and hold Pulley harmless from any and all damages, losses, liabilities, settlements, and expenses (including, without limitation, costs and attorneys’ fees) in connection with any claim or action that arises from: (a) your use of the Scanner or (b) any alleged breach of confidentiality provisions related to term sheets or other documents you upload to the Scanner.