ToolPilot.ai

As an AI legal assistant, ToolPilot.ai is narrow on purpose: it is a prompt, not a contract review product, and it covers one document, the venture capital term sheet.

ToolPilot.ai is an AI prompt that helps startup founders understand a term sheet and protect their interests before signing.

You paste it into a large language model along with your term sheet text, and the model explains what each term means for you and the company.

The prompt covers a long list of clauses.

Economic terms include liquidation preferences, anti-dilution, dividends, redemption and conversion.

Control terms include board seats, protective provisions, voting rights, drag-along and information rights.

It also reaches vesting schedules, pay-to-play provisions, registration rights, right of first refusal, co-sale agreements, the no-shop agreement, indemnification, assignment and the founder's activities clause.

Because the analysis comes from whichever model you choose, the quality of the answers depends on that model.

Use the output as a way to prepare questions, not as legal advice.