The Fly Ventures term sheet
Fundraising is opaque enough. Our terms should not be.
We publish our standard Fly Ventures term sheet templates because founders should be able to see how we invest before starting a process with us.
We can invest through priced equity, a SAFE or a CLA. We are agnostic on the structure and use whichever makes the most sense for the company and the round.
The exact terms will depend on the investment. But our standard deal should never come as a surprise, and legal complexity should not be used as a substitute for plain language.