Startup Fundraising: Term Sheets and Valuation for Founders

<p>Follow Renata Cruz and Tomas Vidal, co-founders of the retail scheduling startup Pathlight, as they negotiate a real seed round with Birchwood Ventures: working through their actual cap table to understand pre-money and post-money valuation, unpacking the term sheet clauses that decide what founders really get paid, tracing exactly how an earlier angel SAFE converts into priced shares, and negotiating the deal from first term sheet to signature.</p>

Tools: Cap Table Modeling, Term Sheet Negotiation, SAFE Notes, Valuation, Seed Fundraising