

by Alma Angels
- Event exclusive to Alma Angels -
In this Deep-Dive session, we’ll unpack venture term sheets from the ground up, focusing specifically on pre-seed and seed stage fundraising where many angels first encounter these documents.
Term sheets sit at the heart of venture investing. They define the structure of the deal, shape incentives between founders and investors, and set the foundation for the legal agreements that follow. Yet many angels encounter them without fully understanding the mechanisms behind the terms or the implications they carry for founders and future rounds.
In this session, we’ll start with the fundamentals: what a term sheet is, where it sits in the investment process, and how it connects to the broader funding cycle. From there, we’ll examine the key clauses typically seen in early-stage rounds and discuss how to interpret them beyond the legal wording.
The discussion will cover:
🔹 What the key terms mean in practice
🔹 How they affect founder outcomes and incentives
🔹 How early-stage terms influence future funding rounds
By the end of the session, you will be better equipped to interpret venture term sheets and to support founders with clearer, more informed guidance.
Join us for a practical deep dive into one of the most important documents in venture investing.
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About the Alma Community
Alma Angels is Europe’s largest diverse and active investment community on a mission: Generate $1 trillion in women-led wealth by 2050. Since 2020, our non-profit organisation has brought together and trained over 600 angel investors who have invested into 250+ women (co)founders building tech or IP-rich ventures with global ambitions. These companies have gone on to raise more than $300m to date and are valued at $1.6 billion. In 2025, Alma received the “Rising Star Angel Group of the Year” award by the UK Business Angels Association.
Alma Angels is committed to training 10,000 angels and backing 10,000 women founders by 2035.
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Alma Deep Dive | Understanding Venture Term Sheets at Pre-Seed & Seed is a free independent taking place on Tuesday, April 28, 2026 at a venue to be announced. This independent is organised by Alma Angels. Attendance is free — register to secure your spot. The event runs for approximately 1 hour.
Join this independent over 1 hour for an engaging session of learning, discussion, and networking with fellow attendees.
This independent is ideal for:
Alma Deep Dive | Understanding Venture Term Sheets at Pre-Seed & Seed covers topics including Tech. Find similar events by browsing these topics on Rifio.