Free Model Angel & Venture Round Equity Financing Documents
Posted on October 18, 2008
Filed Under Innovation
If you are an Angel investor or entrepreneur working on equity financing documents such as Term Sheets, Stock Purchase Agreements, etc. for the first time, things just got easier because you now have a free template to use as a starting point.
YCombinator just open sourced their Series AA round of financing documents, making them available for anyone to use. The open source documents can be found here: Series AA Equity Financing Documents
And before you start using it, this StartupCompanyLawyer.com article is a MUST READ. It explains the difference between Angel and Venture financing terms, and the situations where the YCombinator’s open source documents are useful, and what’s missing.
The article also contains a link to the National Venture Capital Association’s (NVCA) model Venture financing documents, which are designed for venture phase financing. By the way, the StartupCompanyLawyer article warned that these model docs are designed to be more favorable to the investors.
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About Paul
Paul is in charge of Nortel's Incubator and it's Open Innovation Labs. Before Nortel, Paul played leadership roles in large companies like HP, Bank of Montreal, a Silicon Valley 2001 IPO called Riverstone Networks, and ran his own $1M+ consulting business. Paul's current passion is in studying and practicing open innovation models, and unleashing hidden power of innovation that is embedded within many large and complex organizations.
Glad to know that you thought the article was useful.
Absolutely, Yokum. Thanks for your efforts. http://www.startupcompanylawyer.com is a GREAT resource! You are on my Blogroll as well.