Simple and Fair Investor Term Sheets

FFI Plain Preferred Term Sheet -
Techcrunch today highlights the publication of the template term sheet (shown above) from The Funded Founder Institute.

The Funded campaigns and spreads information designed to make VC deals fairer for the founders, and there has been growing discussion that the series A term sheet should be standardised. Out of that discussion has actually come some consensus between entrepreneurs and VCs, and you'll find the result here: http://www.docstoc.com/docs/10303638/FFI-Plain-Preferred-Term-Sheet

It's US focused, but the VC deal-structure principles are similar worldwide, so it could be modified for other countries.

Using something like this could save both sides a fortune in professional fees - which'll be a big help in small early stage rounds.

Meanwhile Techcrunch has previously reported that the Y-Combinator incubator has released similar documents suitable for smaller Angel rounds.
The documents are listed here: http://www.ycombinator.com/seriesaa.html

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