A term sheet for a private placement of simple agreements for future equity (SAFEs) to accredited investors in reliance on Rule 506 of Regulation D under the Securities Act or Section 4(a)(2) of the Securities Act. The term sheet is intended for use by an early-stage startup company raising seed capital from angel investors, friends, and family before receiving institutional venture capital financing. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.