Series AA Equity Financing Documents
Y Combinator and Wilson Sonsini Goodrich & Rosati are happy to announce the Series AA Equity Financing Documents. Their goal is to make angel funding rounds for startups easier for both sides.
These documents were originally created for YC-funded startups to use when raising angel rounds. They seem to have worked well in trial runs so far, so we're open-sourcing them.
While they may not be suitable for all situations, the goal was to make the terms fairly neutral. So while we would of course advise both parties using these documents to have their lawyers look at them, they provide a starting point that we hope can be used in many situations without too many modifications.
Needless to say, neither YC nor WSGR assumes any responsibility for any consequence of using these documents.