Key output

Tips
Specify the deal type and stage: Provide context like "this is a Series A preferred equity term sheet for a SaaS company" so Comet benchmarks the terms against the right market standards
Ask for a risk-ranked summary: Request "rank the terms by investor favorability and flag any that are significantly outside market" to quickly identify where to push back in negotiations
Follow up on specific clauses: Once you have the overview, go deeper with "explain the practical impact of this liquidation preference structure in a down-exit scenario" to stress-test the economics