04 // TRANSPARENT CHECK STRUCTURES & 4-PAGE CLEAN TERM SHEET
Founder-Aligned Capital With Zero Predatory Liquidation Traps.
We publish our exact check ranges, target ownership, ESOP expectations, and non-dilutive compute grants upfront so founders never waste weeks guessing.
TRACK 01 // PRE-SEED & INCUBATION
$1.5M – $2.5M
10%–14% Target Ownership · Post-Money SAFE or Priced
48-Hour Partner IC Read · $250K H100 Compute + SF/Zurich Wet-Lab Bay · University IP Spin-Out Legal Support · First 3 Founding Eng Hires
TRACK 02 // INSTITUTIONAL SEED LEAD
$3.0M – $5.0M
15%–18% Target Ownership · 1x Non-Participating Preferred
50% Pro-Rata Series A Reserve · $350K H100 Compute Grant · 12 Curated Fortune 500 CISO/CTO Introductions · Clean 3-Seat Founder-Led Board
TRACK 03 // SERIES A INFLECTION LEAD
$6.0M – $12.0M
15%–20% Target Ownership · Standard NVCA Governance
$500K Dedicated GPU Cluster · Executive Search (VP Eng / Head of GTM) · Dual-Use Federal Contracting Advisory · Global EU/US Expansion
06 // FOUNDER TERM-SHEET, DILUTION & IC PROTOCOL FAQS (CMS)
Direct Answers on Governance, Cold Memos & Reserves
DEAL-FLOW ACCESS
Do I need a warm intro to get a General Partner read at Apex Ventures?
Never. Every technical memo, ArXiv preprint, or DocSend deck submitted via /lp/pitch-deck-fast-track routes directly to the General Partner leading that sector—with written feedback in 48 business hours.
STAGE MANDATE
Do you lead pre-revenue DeepTech rounds when the tech is still in the lab?
Yes—over 70% of our Pre-Seed ($1.5M–$2.5M) and Seed ($3M–$5M) lead checks back pre-revenue teams where the core risk is engineering physics, compiler performance, or wet-lab validation rather than SaaS ARR.
GOVERNANCE
What are your standard liquidation preference and board governance terms?
100% standard NVCA 1x non-participating preferred stock, zero cumulative dividends, zero participating preferred traps, and a clean 3-seat founder-controlled board at Seed.
PLATFORM SUPPORT
Is the $250K–$500K H100 compute & wet-lab grant dilutive?
Zero extra dilution. Bare-metal H100 GPU cluster time, SF/Zurich prototyping lab access, and our internal founding-engineer recruiting bench are included gratis with every Apex lead check.
RESERVE RATIO
How much follow-on capital do you reserve for Series A and Series B?
We reserve 50% of Fund IV ($210M) strictly for pro-rata and super-pro-rata follow-on checks so founders have an institutional anchor partner through Series B and beyond.
REGULATORY DISCLOSURE
Are the numbers in the Dilution & Runway Modeler a binding offer or legal advice?
No. All cap-table and runway calculations are simplified browser-side educational illustrations excluding prior SAFEs, convertible notes, or tax advice, and do not constitute an offer to buy or sell securities.
01 // APEX VENTURES
DeepTech Seed & Series A
$420M Fund IV leading $1.5M–$12M checks in AI silicon, robotics, computational bio, and grid infrastructure.
02 // CAPITAL & PORTFOLIO
Mandate & Ledger
Clean 1x non-participating preferred governance plus $350K non-dilutive H100 compute access.
03 // PARTNERSHIP
Bench & Research
Every memo read directly by former-founder General Partners in San Francisco, New York, and Zurich.
04 // GOVERNANCE & DOCS
Disclosures & Manual
SEC/Advisers Act non-solicitation notices, founder confidentiality, and 12-station owner manual.
© 2026 APEX VENTURES MANAGEMENT LLC · SAN FRANCISCO · NEW YORK · ZURICH · NOT AN OFFER TO SELL SECURITIES OR LP INTERESTS.
FUND IV DEPLOYING // 48-HR GP REVIEW SLA