Hi folks,

We're in the process of executing a self-funded search. As a self-funded duo - we're hoping to retain as much equity as possible in our future target. We've begun talking to a number of potential equity investors (of different profiles). We've sketched out the broad strokes of what an equity investment may look like when we have a deal in our focus industry (independent insurance agencies) but looking to get a more structured document together- specifically we intend to issue shares of preferred stock with PIK coupons, along with matching common stock to get to an all-in IRR target of 30%. Does this group have any standard templates for investor term sheets for self-funded deals along these lines? Any help would be appreciated. Thanks!