For Angels and VCs

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A few words of caution

Please remember that forms, even the best ones, are only starting places for creating what a client needs. Embedded in almost every form are specific choices, some of which are not very apparent and some of which are omissions, that were made for someone else and may not be right for the client.  If you use  or download a document posted on this site you understand, acknowledge and agree that neither Avenir Law nor any of its affiliates is rendering legal or other professional advice on any subject, including tax matters and is not a paid tax return preparer with respect to any of these documents. As we noted on the Free Forms page, before using or downloading any document posted on this site, we strongly recommend that you consult with your tax, accounting and/or legal advisors.

Funding Documents

There are a few sets of “standard” funding documents out there. (One of our favorite posts was in response to various lawyers who were offering to create a new set of funding documents that incorporated the “best” of all available free forms.) We haven’t reviewed them all, but they are probably worth reviewing. For example:

National Venture Capital Association: http://alturl.com/oxdjt

Y Combinator: http://ycombinator.com/seriesaa/

Techstars put up equity and debt documents done by Cooley LLP: http://www.techstars.com/docs/

A term sheet for “plain preferred” put up by Founder Institute: http://fi.co/posts/69

GitHub and Series Seed have put up a comprehensive set at: https://github.com/seriesseed/equity

And an intriguing list of international documents: http://seedsummit.org/legal-docs/