Essentials
Deal mechanics
Term sheets, SAFEs, valuations, share classes and dilution - what the early-stage paperwork actually means.
- Advisory shares in the UK: how operator-angels get equity for expertise 16 June 2026
- UK pre-seed and seed valuation benchmarks for 2026 13 June 2026
- What happens to an early investor in an up-round? 11 June 2026
- Is AI seed valuation a bubble? The 2026 picture 11 June 2026
- What happens to your SAFE or ASA in a down round? 8 June 2026
- Board seat vs observer: what should an angel want? 6 June 2026
- Priced round vs convertible: which is better for an angel? 5 June 2026
- How much equity do UK universities take in a spinout? 4 June 2026
- Is this round priced sanely? A UK angel's valuation sanity-check 2 June 2026
- Which deal structures keep your SEIS/EIS relief - and which quietly kill it 1 June 2026
- Red flags in a startup term sheet (an angel's checklist) 1 June 2026
- SAFE vs convertible note: how they differ 31 May 2026
- What is dilution and how it affects angel investors 31 May 2026
- What should an angel negotiate in a term sheet (vs what a VC negotiates)? 26 May 2026
- Why non-AI startup valuations look high in 2026 (the two-tier seed market) 24 May 2026
- Pro-rata rights and follow-on investing, explained 23 May 2026
- Pre-money vs post-money valuation, explained 22 May 2026
- What an option pool is and how it affects your stake 15 May 2026
- What is a cap table and how to read one 14 May 2026
- Do convertible loan notes qualify for EIS or SEIS? 9 May 2026
- Ordinary vs preference shares for angel investors 6 May 2026
- What is a term sheet? An angel investor guide 5 May 2026
- What is a valuation cap and a discount? 27 April 2026
- Liquidation preferences, explained in plain English 27 April 2026
- Advance Subscription Agreements explained - and how an ASA differs from a SAFE 22 April 2026
- Anti-dilution provisions, decoded 19 April 2026
- How startup equity and share classes work 18 April 2026
- Are SAFEs EIS-eligible in the UK? 15 April 2026
- The key clauses in an angel term sheet 11 April 2026
- How early-stage startup valuations are set 10 April 2026