All your questions can be answered in the Transparent Term Sheet from Founders Fund: http://foundersfund.com/termsheet http://foundersfund.com/termsheet It has

All your questions can be answered in the Transparent Term Sheet from Founders Fund: http://foundersfund.com/termsheet http://foundersfund.com/termsheet It has a calculator that provides economic breakdowns and a supporting article defining the key terms of a term sheet.