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Startup 101: “Open Source” Start up Legal Documents

VC Cafe

Legal docs don’t have to be a source of stress when you’re trying to set up a business. Link: [link]. All docs are here: [link].

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. Included are our standard forms for the following: Series A Term Sheet. Venture Deals askthevc deal docs Term Sheet venture dealsYou can find them on the Ask the VC Resources page. Co-Sale Agreement.

The Proliferation of Standardized Seed Financing Documents

Feld Thoughts

Founders Institute Plain Preferred Term Sheet (by WSGR). I wrote about this in my post The Challenge of The Ideal First Round Term Sheet. Then we’ll open source these and evangelize them across the startup world, at least in the US. Tags: financing seed documents Term Sheet

Burnham's Beat: Wigix: An Idea Whose Time Has Finally Come

Burnham's Beat

« 4 Things to Do After You Get Your First Term Sheet | Main. It’s interesting to note, that many stocks and bonds were also once traded using English Auctions, but once bid/ask-based exchanges opened, the purveyors of these English Auctions quickly disappeared. Open Source. Open Source. Stocks.

IPO 24

Examples of good startup term sheets

Ycombinator open source term sheet is a good start for Seed deals. Brad Feld does the best blog term sheet series.

How Convertible Debt Works

Feld Thoughts

Convertible Debt – Other Terms. If you want to see an actual convertible debt term sheet or the actual legal documents, take a look at the TechStars Open Sourced Model Seed Financing Documents. Last night I gave a talk hosted by SVB at their Palo Alto office. Several questions came up about Convertible Debt.

Understanding Changes in the Software & Venture Capital Industries

Both Sides of the Table

Open-Source Software & Horizontal Computing. Open source became a movement – a mentality. Rewind. Enter Amazon.


Chris Dixon

Shortly after that conversation I got an email from Jordan Cooper about a company he was investing in called Soylent that was taking an open-sourced approach to developing science-based food products. source. source. source. I was chatting with John Borthwick a few years ago and he said something that struck me.

Teaching Entrepreneurial Finance Using Venture Deals

Feld Thoughts

Over the past six years, Jason Mendelson and I have heard from over 100 professors who have used our Term Sheet Series of blog posts in college (undergraduate and graduate) programs on on entrepreneurship. Jason and Brad Bernthal have been teaching a class at CU Boulder Law School called VC 360.

Startup Resources

VC Cafe highlights everything you need to know from hosting your code in hackathons to open source legal docs. Lean Methodology Sources.

@altgate » Blog Archive » Law Firm Wilson Sonsini Now Preparing.


 Today,  Wilson Sonsini  announced the launch of a " term sheet generator." Bookmark the permalink. a month?

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

Startup Tools

This video should be the gold standard in explaining contract terms. a lot is written in general terms, mostly US centric. Thank you.

Burnham's Beat: SkyGrid and the Emergence of Flow-Based Search

Burnham's Beat

4 Things to Do After You Get Your First Term Sheet » 02/13/2008. It can be days or even weeks before newly published content is crawled and properly indexed, meaning that most search engines fail to provide "real time" results for all but the most popular content sources (which they crawl very frequently). Blogs.


Series Seed Financing Documents

  Based on the comments received, both on the blog and in the many deals in which these documents have been used, I am convinced that the terms of a simple set of equity documents are really not an issue.  In sum, Series Seed creates a level playing field between capped debt and equity documents in terms of speed and cost. 

Getting Due Diligence Ready


Investors will perform business diligence before they issue a term sheet. I trust you to take my $1 and make it $5 or $10.

Are You Raising Too Much Money?

Fresh Inc.: The Staff Blog

Raising smaller amounts tends to keep your options open and your investors’ expectations reasonable. billion. It keeps things real.

Standardized Venture Funding Docs

A VC : Venture Capital and Technology

Marc Andreessen told PE Hub : It’s like open source software. First, as Brad Feld points out , there are now four sets of "open source seed documents: TechStars Model Seed Funding Documents (by Cooley). Founders Institute Plain Preferred Term Sheet (by WSGR). Fenwick isn’t getting paid for them.

Congrats to Backupify! A Great Exit Story for the First Company I Ever Backed

This is going to be BIG.

He was an interesting guy and I watched him throughout a bunch of interesting projects, like a complete open source business where all the employees got to make the decisions. He took a long term view and jumped in with a check. Today, Backupify announced that it is getting purchased by Datto. I will keep you posted.".

Understanding the Risks of VC Signaling

Both Sides of the Table

We used the Y Combinator open source term sheet. We signed the term sheet within 48 hours and had funded in under 2 weeks.

Raising Money? Don't Get Ripped Off

Fresh Inc.: The Staff Blog

Before you look for venture capital, you'd better have a great venture lawyer, and be prepared to keep her in the loop. Bad idea. link]. Ads by Pheed

The Forgotten Founder: YouSendIt’s Khalid Shaikh

Fresh Inc.: The Staff Blog

When you're a given a term sheet, it's like the queen knighting you; you are supposed to genuflect for even gracing you with terms."

How Snapchat's First Investor Found Snapchat Before Anyone Else

Fresh Inc.: The Staff Blog

Based in Santa Monica, Whisper lets users anonymously share secrets in a safe, supportive environment, like an open-source diary.

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. 4) Term Sheet. The drafters, Fenwick & West and Andreessen Horowitz , imply these docs should be used for $500,000 to $1,500,000 investments. 3) Investors’ Rights Agreement.

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. 4) Term Sheet. The drafters, Fenwick & West and Andreessen Horowitz , imply these docs should be used for $500,000 to $1,500,000 investments. 3) Investors’ Rights Agreement.

Piercing the Corporate Veil of Sweat Equity

As such, you should make sure to think of the proposals as an investor and get a reasonable term sheet. Go for it.

VC Seed Funding is Dead, Long Live VC Seed Funding!

Both Sides of the Table

If a VC term sheet comes in they begin their due diligence process. This is part of my ongoing series about Raising Venture Capital.

How To Grow and Scale A Culture with Limited Funds – Alicia Navarro

Business of Software Blog

He also talks about how Facebook never took off the signs of Sun off their doors, so that they always… every time you open up a meeting-room door, you would always be reminded of what you will become if you do not move quickly every day. Open-minded, which is quite important to us. Video and Transcript below. . Applause]. Anyway.

Fear is the Mind Killer of the Silicon Valley Entrepreneur (we.

500 Hats

  and i doubt any of these trends will likely reverse in the long-term -- lower costs, more people online, more e-commerce.  Thanks!

Bitesize Sunday: Israeli startup headlines March 8

VC Cafe

W hen sharing your life on social media becomes a bit much - an Israeli soldier revealed security sensitive information and cancelled a planned raid.

Series Seed Financing Documents

Series Seed Term Sheet (v 2.0). Series Seed Term Sheet. Long term capital gains possible for early exit. Choose "Open With" and able to save as Word doc. In reviewing these documents on the term sheet, last item, how is the term "double trigger" defined.

supermac War Story 7: Rabbits Out of the Hat - Product Line Extensions

Steve Blank

First the bad news: the new family of eight high performance graphics cards we were counting on couldn’t be delivered. Just one. What could we do?

Burnham's Beat: Don't Take Angel Investments From VCs

Burnham's Beat

  The VC that invested in the angel round tried to the pre-empt the Series A fundraising with a low-ball term sheet, but the entrepreneur thought he could do better and politely told them “thanks, but i’d like to test the market”.  Open Source. Open Source. Burnhams Beat. About Bill. Blog Roll.


Burnham's Beat: 10 Pragmatic Steps To Raising Venture Capital

Burnham's Beat

The harsh reality is that you face an uphill battle to get a meeting, let alone a term sheet, but the good news is that by taking a pragmatic approach to getting your foot in the door you can greatly improve your chances. Open Source. Open Source. Burnhams Beat. Articles on Technology and Finance. Blog Roll.


Maximum Impact

This is going to be BIG.

In the meantime, I've been mostly focused on deal stuff and have been super excited to get as many deals done as I have--four assuming this last term sheet closes. Sounds like a Jean-Claude Van Damme movie doesn't it? I'm talking about innovation in New York City and a very basic thought exercise. Run an accelerator/incubator? Educate?

Lose Yourself - VCball


Terms of Service. Not only did my family and friends support me to the tune of several hundred thousand dollars, but in 1996, we received multiple term sheets for several million dollars from some of the most prestigious early stage VCs at that time. VCball. Become a Fan. Subscribe via Email. Subscribe via Feeds. John R. About.

The Why of Where I Write

Hunter Walker

This is total inside baseball but here’s how I think of my personal publishing today: HUNTERWALK.COM : My blog, the flagship of my media empire ;-) Call me old-fashioned, but I like having my own dry piece of land, a URL to call my own that’s unlikely to experience changes in terms, UI, etc outside of my control. Why WordPress ?