Startup Document Center. Docracy - Free Legal Documents. Hackathon Winner Docracy Is A GitHub For Legal Documents. One of the winners at today’s TechCrunch Disrupt Hackathon is Docracy, an open source site where users can share and sign legal documents, similar to what GitHub provides for code. The site is the brainchild of mobile app developers Matt Hall and John Watkinson, who are the founders of app development startup Larva Labs. Docracy is an online, opensource hub for quality legal documents like contracts, NDAs, wills, trusts and more. So startups or individuals can take their legal documents and compare them against these trusted, documents on Docracy and see what terms differ. Hall and Watkinson were recently were signing an NDA with a client and wasn’t sure if there were any terms in the NDA that should be flagged, or that were out of the ordinary.
But they found that the issue didn’t warrant spending money on a lawyer. It’s a great idea and certainly one that many bootstrapped startups, freelancers or individuals can use in a pinch. A VC. 2010 | 24 Ways To Start. VentureBlog. SeriesSeed.com. For Law Nerds As we mentioned in our previous post, most of the edits to Version 3.0 of Series Seed are formatting related. This section of the blog will break down most of our edits, and for those of you not ready to take the plunge into GitHub, we have included Word documents and redlines against Version 2.0. First and foremost, the largest formatting change is the merging of the previous Investors’ Rights Agreement and Stock Purchase Agreement into one new document called the Stock Investment Agreement, which covers all of the provisions of the previous two documents.
Second, we have moved all of the variable definitions in the Stock Investment Agreement up to the front of the document, which allows for easier editing of the “fill in the blank” definitions that previously appeared throughout the documents. We also removed the contribution to escrow provision that previously existed in Section 1.3.2 of the Restated Certificate of Incorporation. For Real Nerds Pull requests Issues.
Elevator Pitch. Nivi · November 2nd, 2007 “Summarize the company’s business on the back of a business card.” — Sequoia Capital Summary: An introduction captures an investor’s attention, but a great elevator pitch gets a meeting. The major components of the pitch are traction, product, and team. Yo! If you’re building an interesting company, people will offer to introduce you to investors—it makes them look good. So, what should you send investors? Get a first meeting with an elevator pitch. A great elevator pitch is more important than your deck and less important than the “introducer”. An introduction sells the investor on reading the elevator pitch, which sells the investor on reading the deck, which sells the investor on taking a meeting. An elevator pitch. Send a brief email that the introducer can forward with a thumbs-up.
Subject: Introducing Ning to Blue Shirt CapitalHi Nivi,Thanks for offering to introduce us to Blue Shirt Capital. Dissecting the elevator pitch. Let’s dissect this pitch: Pop quiz. How much to raise? A good rule of thumb is to have a financial plan with 18+ months of runway after you raise a round. That is long enough that you can avoid worrying about raising money for a year while you just focus on running the business. Any shorter and you’ll find you are back in the market looking for more money after 6 months and are facing a “flat round” in terms of valuation because you really haven’t had time to achieve much.
Note, in some industries (mobile is a good example) you want to have 24+ months of runway (because carrier deals take so long). However if you raise more then 24 months of money in an industry where things move fast and don’t cost much, then you’re likely just going to watch interest accrue at the stunning rate of 2% in your bank account while kicking yourself in the butt for “giving away” equity at such a low valuation. Another issue on deciding how much money to raise is related to investor capacity. Why?