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Revenue-Based Investing: A New Option for Founders who Care About Control

David Teten

Dig into the numbers and run your own scenarios with an open spreadsheet and video walkthrough. Take SparkToro, for example, which raised an unusual round of financing and open-sourced all their documents. Sample Series B Preferred Stock sample term sheets from: Kauffman Foundation and Carlton Fields Jorden Burt.

Revenue 60
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Ask the VC Bonus Material

Feld Thoughts

As a step in the right direction, Jason and I decided to open source our Foundry Group form legal documents. Series A Preferred Stock Purchase Agreement. You can find them on the Ask the VC Resources page. Included are our standard forms for the following: Series A Term Sheet. Investor Rights Agreement. Co-Sale Agreement.

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Model Series Seed Docs

The Startup Lawyer

The drafters are “open sourcing&# the documents so that they may be continually improved by the startup community. The board is set up to consist of 3 directors: 1 director elected by the common (founders); 1 directors elected by the preferred (investors); 1 “independent&# director (i.e., Check out the docs here.

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How do the sample Series Seed financing documents differ from typical Series A financing documents?

Startup Company Lawyer

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). There is no real rule to what a particular series of preferred stock is called.

Finance 70
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Model Series Seed Docs

The Startup Lawyer

The drafters are “open sourcing&# the documents so that they may be continually improved by the startup community. The board is set up to consist of 3 directors: 1 director elected by the common (founders); 1 directors elected by the preferred (investors); 1 “independent&# director (i.e., Check out the docs here.

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Examples of good startup term sheets

www.quora.com

Ycombinator open source term sheet is a good start for Seed deals. Greg Martin • 9:35am on Thursday For the ranges of negotiability and other considerations in the Preferred Stock Term Sheet, you may also want to review the following: [link] /bartsl. You can find there here: [link] softhetable.c. org/2009/02.

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Model Seed Funding Doc Myths

The Startup Lawyer

Myth #3: Standardized Docs = Open Source Law. “Open Source Law&# is a buzz phrase thrown around frequently, but what the legal profession is experiencing is more of an automation of various parts of the law practice… not the entire practice of law. Those that manage this feat will survive.