CONFIDENTIAL — NON-BINDING
Summary of Principal Terms
This term sheet is not a commitment to invest and is subject to change at any time for any reason, including vibes.
October 8, 2026
Valuation
Based on a comparable we found on Twitter.
Non-transferable. Non-negotiable. Non-real.
Liquidation Preference
Investors receive 47x their investment before you receive anything.
Series A, B, and C preferences are cumulative. You are at the bottom.
After debt, preferred, secondary holders, and the Founder's Pilates Coach.
Board Composition
Including one for the Founder's Executive Coach, in an advisory capacity.
All have blocking rights on anything interesting.
You may submit questions in writing. They will be acknowledged.
Vesting & Options
Standard. Non-negotiable. Already signed.
Single-trigger, double-trigger, and triple-trigger acceleration all excluded.
You will need $47,000 to exercise. Good luck.
Set by a consultant who has never met you.
Protective Provisions
This includes you. You will be dragged.
Applies to preferred shareholders only. You dilute normally.
You do not have ROFR on anything.
You receive a Slack message when the all-hands is rescheduled.
Miscellaneous
Obviously.
Do not post on LinkedIn. We will know.
There is no deadline. There is also no offer.
This term sheet is non-binding and does not constitute a legal agreement, financial advice, or a promise of any kind. Cap Table Inc. reserves the right to amend, withdraw, or laugh at these terms at any time. Your continued employment is not guaranteed. Your equity is not guaranteed. Your parking spot is definitely not guaranteed.
Acknowledged and accepted (you had no choice).