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Intermediate

Practice Drills: Structuring a Sample Angel Investment Term Sheet

A drill-based course for angel investors, HNIs and experienced retail investors moving into startup deals. You work one sample Indian seed deal from start to finish: a deal brief, a starting cap table and a founder's ask. Each lesson is a drill that makes you set one set of terms yourself, run the numbers, and write the clause: instrument and holding vehicle, pre-money valuation, ESOP pool, price per CCPS, liquidation preference, anti-dilution, pro-rata and transfer rights, exit rights, information and governance rights, founder vesting, and the FEMA, valuation, stamp duty and Companies Act checks every Indian angel round needs. The course closes with full end-to-end drills: writing the complete term sheet, handling the founder's pushback, and scoring the final draft before you wire money. Educational content only, not investment or legal advice.

Angel InvestingTerm SheetsCCPSCap TablesLiquidation PreferenceAnti-DilutionPro-Rata RightsFEMAAngel Syndicates

MODULES

5

DURATION

4 Hours

TRACK

Alternative Investing

What You'll Master

How to turn a startup's deal brief into a complete angel term sheet, clause by clause

How to set pre-money valuation, ESOP pool and price per CCPS, and build the post-money cap table

How to test liquidation preference and anti-dilution choices against real exit and down-round scenarios

How to draft pro-rata, transfer, exit, information and founder vesting terms an angel can actually enforce

How to add the Indian compliance layer: FEMA pricing for NRI angels, valuation reports, stamp duty and private placement rules

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: Setting Up the Drill

3 Lessons

The Sample Deal Brief: Company, Starting Cap Table and the Founders Ask8 min read

Drill: Choosing the Instrument for a Priced Angel Round9 min read

Drill: Deciding How the Angels Hold the Stake, Direct or Through a Syndicate AIF9 min read

Chapter 2: Drilling the Economic Terms

5 Lessons

Drill: Setting the Pre-Money Valuation and Round Size for the Sample Deal11 min read

Drill: Sizing the ESOP Pool and Placing It Pre-Money or Post-Money10 min read

Drill: Calculating the Price per CCPS and the Post-Money Cap Table11 min read

Drill: Setting the Angel Liquidation Preference and Testing Three Exits12 min read

Drill: Choosing Anti-Dilution Protection and Running a Down-Round Test12 min read

Chapter 3: Drilling Rights and Protections

4 Lessons

Drill: Drafting Pro-Rata, Pre-Emptive and Right of First Refusal Clauses for Angels10 min read

Drill: Drafting Tag-Along, Drag-Along and Exit Rights a Minority Angel Can Use10 min read

Drill: Drafting Information Rights, an Observer Seat and Angel Reserved Matters9 min read

Drill: Drafting Founder Vesting, Lock-In and Key-Person Terms for the Sample Deal10 min read

Chapter 4: Drilling the Indian Compliance Terms

2 Lessons

Drill: Adding FEMA Pricing and Reporting Terms for NRI Angels in the Round10 min read

Drill: Running Valuation Report, Stamp Duty and Private Placement Checks Before Closing10 min read

Chapter 5: Full Practice Drills

3 Lessons

Full Drill: Writing the Complete Angel Term Sheet for the Sample Deal13 min read

Full Drill: Responding to the Founders Pushback on the Angel Term Sheet11 min read

Full Drill: The Angel Term Sheet Scorecard Before You Wire the Money9 min read