Audit · Assess & Decide · Analysis & Finance
Term-sheet founder-trap audit with renegotiation points
A clause-by-clause read of your draft term sheet that names each founder-adverse provision across every known trap family, explains its downstream effect in plain language, and proposes the specific counter to bring to the table.
You receive: A structured term-sheet audit memo: one entry per founder-trap family (anti-dilution type, veto/protective-provision scope, liquidation participation multiple, priority and transfer/pricing rights, earn-up, future-round valuation mechanism, exit and lock-in, reverse exclusivity), each with a detected-value, a risk tag, a plain-language consequence, and a concrete renegotiation ask.
Part of Choose Business Model
What you receive
The shape of your delivered file. Your result is generated for your inputs.
Your deliverable is a structured document carrying these fields:
- Counsel review required
- Detected value
- Disclaimer
- Entries
- Family
- Plain language consequence
- Renegotiation ask
- Risk level
Some fields carry set values, drawn from:
anti_dilution, veto_protective_provisions, liquidation_participation_multiple, priority_transfer_pricing_rights, earn_up, future_round_valuation_mechanism, exit_lock_in, reverse_exclusivity
high, medium
high, medium, low, not-applicable
Opens soon
STUD opens runs for everyone soon, on every play at once.
Scope of the check
What's verified: Settles machine (cred-free, deliverable-validation): the audit memo is structurally complete and well-formed (every one of the 8 founder-trap families examined with a detected value, a risk tag from the allowed set, a consequence, a renegotiation ask on every risky entry, the buyer's stated concerns each addressed, and the counsel-review flag present). What is NOT machine-checkable and is sold as guided / counsel-review, never a green check: whether a flagged clause is actually dangerous in this founder's specific context, whether each proposed counter is wise, and whether any counter is legally sufficient or enforceable. Legal sufficiency and strategic correctness are expert judgment (the Q5 counsel-gate line); the green check certifies coverage and form only, never soundness.
Get early access to STUD the day it goes live.