9 guides

Equity Fundraising Mechanics

How a round is structured decides who owns what and who controls what. These guides explain SEIS and EIS, advance assurance, ASAs and priced rounds, term sheets, preferences, control terms, option pools, closing a round and running the process.

Included with every Future Founders and Founders Ticket, along with the whole library (117 guides, worth £2,925, 12 months' access).

SEIS and EIS: The Complete Founder's Guide

SEIS and EIS sit behind many UK early-stage investments.

£25

Advance Assurance

Many investors want HMRC's advance assurance before they commit.

£25

ASAs, Notes and Priced Rounds

The instrument you raise on affects tax relief, dilution and timing.

£25

Term Sheets Line by Line

A term sheet sets the shape of the final deal.

£25

Preferences and Anti-Dilution

Preference and anti-dilution terms decide who gets paid what at exit.

£25

Control Terms

Control terms decide who makes the big decisions after investment.

£25

Closing the Round

Completion day brings a large document set and strict filings.

£25

Option Pools and Dilution

The option pool can quietly cost founders more dilution than expected.

£25

Running the Process

A disorganised raise takes longer and weakens your position.

£25