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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.
Use an Investment Overview to Raise Private Funds for Your Business
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.
“Summarize the company’s business on the back of a business card.”
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.