We hate financings that go down like this and often choose to sit them out. Chris Dixon has a good post up called The Downside Of Accelerated Investment Decisions in which he talks about "shotgun weddings" and why they are often bad decisions for both entrepreneurs and investors. could not agree more with Chris. They are a bad idea. MORE >>

After the recent announcement of the Series Seed Financing documents by Marc Andreesen, Brad Feld points out  that there are now four sets of “open source&# equity seed financing documents: TechStars Model Seed Funding Documents (by Cooley). Combinator Series AA Equity Financing Documents (by WSGR). under $500K). “ . MORE >>

Series AA Equity Financing Documents Y Combinator and Wilson Sonsini Goodrich & Rosati are happy toannounce the Series AA Equity Financing Documents. Their goal is to makeangel funding rounds for startups easier for both sides. These documents were originally created for YC-funded startups to use whenraising angel rounds. MORE >>

I've been on a mission to dramatically reduce the legal costs of a venture financing. But we are still seeing company counsel costs of $15k or more on venture financings even with our "no negotiation" approach. I'd like to see venture financing legal fees get to $5k or less. Our firm is doing our part. MORE >>

convertible debt financing is similar to a traditional loan in that the company borrows money (often from angel investors, but sometimes from friends and family or even VCs) and commits to repay it with interest by the end of the term of the loan. One way is through convertible debt. MORE >>