Unveiling our Term Sheet 1.0

Explore Our Partnership Terms

At OVNI Capital, we strive for transparency. And we leverage our proprietary technology to provide founders with assistance in making initial hires, connecting with essential stakeholders, and obtaining valuable insights to expedite their commercial progress.

Our aim, similar to YC’s SAFE creation, is to promote quick business discussions before the round even closes.

With this goal in mind, we are happy to offer you one of the most essential components that shape the relationship between a VC and a founder: the Term Sheet.

The Term Sheet is a non-binding agreement that lays out the terms of the investment, including the amount of funding, the valuation of the company, and any other conditions that need to be met before the investment is made. Sometimes it is also called a LOI (i.e “letter of intent”), but don’t worry too much about the jargon.

While term sheets usually aren’t legally binding, in the venture capital world, people take these very seriously. It’s common practice for VCs to stick to the terms outlined in the term sheet, even if circumstances change down the line. This is because VCs don’t want to damage their reputation by going back on their word.

As a founder, that’s something you should keep in mind in case a VC tries to change the terms later. Don’t let them use the excuse that the market has changed to lower the value of your company.

Our sole focus: facilitate your Series A round

We call ourselves venture capitalists for a reason. We believe in power law: few will succeed and return the fund, it’s our job to make the process seamless and help you reach Product-Market-Fit.

Here is the term sheet, feedback highly appreciated!

Working on something new ? Feel free to reach out: dealflow@ovni.vc