What is Term Sheet?
Non-binding summary of key deal terms in a financing or M&A transaction.
5 key terms · not binding
A term sheet outlines…
Write it in your own words in the app.
In real work
Term sheet includes a 2x participating preferred. Flag it before partner review.
In the illustration
Five lines of type, valuation, amount, preference, board, option pool, are set into the chase one by one, but the clamp stays open: the terms are agreed, not locked for printing.
Summarise the term sheet in your finance platform in ten lines: valuation, liquidation preference, board seats, pro rata, and anything unusual.
Try it now
The fastest way to learn a word is to use it. Open this line in the agent you already work in and watch what it does. Change the tool to the one you use.
Go further
01Practice
Make it stick
One term a day, a short quiz, and sentence practice that checks your own words.
02Verify
Prove you know it
Pass the quiz and keep it in a Skills Wallet you can share with anyone who needs proof.
03Career
Find the work that uses it
See which roles lean on this vocabulary, and what they pay in year one.
Learn the next term tomorrow.
Google gives a definition. Prompthaus pairs each term with how it shows up in standups, PRs, prompts, and design reviews. Then it quizzes you until the word sticks. One term a day on iPhone.
