Startup Company Lawyer

MARCH 14, 2010

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). This post assumes that you have a basic understanding of Series A financing terms.

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

The Startup Lawyer

MARCH 1, 2010

The drafters are “open sourcing&# the documents so that they may be continually improved by the startup community. The drafters also anticipate a management rights letter will be included in order to ensure “Venture Capital Operating Company&# compliance for the VC investor(s). (3) 4) Term Sheet.

Preferred Stock 79

Preferred Stock Term Sheet Redemption Registration Rights 79

The Startup Lawyer

MARCH 1, 2010

The drafters are “open sourcing&# the documents so that they may be continually improved by the startup community. The drafters also anticipate a management rights letter will be included in order to ensure “Venture Capital Operating Company&# compliance for the VC investor(s). (3) 4) Term Sheet.

Preferred Stock 40

Preferred Stock Term Sheet Redemption Registration Rights 40