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)
- Y Combinator Series AA Equity Financing Documents (by WSGR)
- Founders Institute Plain Preferred Term Sheet (by WSGR – disclaimer, I represent the Founders Institute and was involved in drafting this document)
- Series Seed Financing Documents(by Fenwick & West)
My general opinion is that anything that makes the financing process faster and easier or otherwise educates entrepreneurs is a good thing. (A reminder that anything I write on this site is only my personal opinion and does not represent the views of WSGR or anyone else from WSGR.) In addition, I think that a “peace treaty” between early-stage investors and startup companies on standard terms (at least at a term sheet level) is a step in the right direction.