Term Sheet and Legal Readiness

Complete a focused intervention that advances Term Sheet and Legal Readiness. The objective is to remove ambiguity around investment terms, rights, governance and legal readiness, give the founder a decision-ready output, and make it clear whether the venture should progress, repeat the task with stronger evidence, escalate to expert support, or move into a linked stage.

Bertie or a programme manager assigns Term Sheet and Legal Readiness when the venture needs a decision-ready output for this group. Typical triggers include group-gate reviews, evidence gaps identified by the co-pilot or founder request.

venture thesis; customer evidence; product roadmap; financial assumptions; current funding objective; specific context for investment terms, rights, governance and legal readiness.

1. 1Frame Scope for Legal and Term Sheet Preparationexpand_more

   Define the specific legal and investment parameters required for your current or upcoming fundraising round. Specify whether you are preparing an Advance Subscription Agreement, convertible loan note, or a priced equity round term sheet. Establish clear boundary conditions for founder equity, valuation expectations, and target investor types.

   Objective

   Establishing this baseline clarifies the exact legal mechanisms and investor governance needed for your target raise. It prevents wasted legal spend and ensures alignment between founder expectations and institutional investor standards.

   What's expected

   The founder must produce a clear one-page legal strategy brief defining the target investment instrument, round size, and governance objectives. This must explicitly outline non-negotiable founder terms alongside standard market provisions for the UK market.

   Consultant stress-test · 5 questions

   1. 1.Why have you chosen this specific investment instrument over alternative capital structures for this raise?
   2. 2.How do your proposed legal timelines align with your current cash runway and target close date?
   3. 3.What evidence indicates that your chosen term sheet structure will appeal to your target investor profile?
   4. 4.Where are the potential points of friction between existing shareholders and incoming investor terms?
   5. 5.How does this legal setup protect founder control while offering sufficient investor protections?

   Open action arrow_forward
2. 2Deconstruct Key Investment Terms and Governance Rightsexpand_more
3. 3Audit Corporate Records and Diligence Documentationexpand_more
4. 4Synthesise Term Sheet Artefact and Governance Frameworkexpand_more
5. 5Stress Test Legal Robustness and Negotiation Positionsexpand_more
6. 6Secure Data Room Assets and Log Venture DNA Updatesexpand_more

• A data-room asset titled Term Sheet and Legal Readiness
• A clear task output, updated venture DNA and recommended next action
• It should update the venture DNA with specific evidence or decisions about investment terms, rights, governance and legal readiness, create a visible milestone in the founder journey, and generate one or more recommended next tasks

A mentor or evaluator can review the output at the group gate. Programme managers can require an advisor checkpoint before Bertie moves the venture forward.

Draft your output and let Bertie review it