Publication number: ELQ-40251-1
View all versions & Certificate
KISS Equity Version
KISS: Keep it Simple Security; Downloadable Equity Version Template.
Recently, convertible notes have been the one of the most common ways of structuring seed stage funding. Not all investors and VCs like to use convertible notes, but they're used really frequently throughout Silicon Valley and the US as a form of legal structure. They're easier and cheaper in general than a formal priced round, so a lot of investors and founders use them until the company is at a bigger, more traditional finance stage.
When done correctly, convertible notes are a good way to close a financing round because they include limited rights and adjourn a certain amount of the more complex negotiations until the bigger priced round. But convertible note financings have become more and more complex as of late because as businesses are pushing for complicated conversion scenarios and a huge range of features. This racks up legal fees and the date of which you can close the deal extends.
But it doesn't actually have to be like this.
This has been created with the intention of keeping convertible equity financings fast and easy. This document short and concise and has been created after considerable discussion with SV law firms and investors. Intended to be flexible and fairly generic, it still contains all compulsory features and is balanced from both an investors and a company's point of view.
*Originally posted on 500 Startups website*
This business tool includes
1 Downloadable Equity Version Form
500 Startups offers you this business tool for free!
download for free
Add to bookmarks
- No review yet!
People using this tool also downloaded
Shareholders Agreement TemplateA Shareholder's Agreement beginning with introductory notes to aid understanding.investorsshareholderslegalbusiness lawshareholders agreement61 remove_red_eyefreeby EBAN
Founders Agreement Templates (UK & Hong Kong)Founder Collaboration Agreement Templates for use in the UK & Hong Kong.legaldocumentsunited kingdomtemplateshong kongfounders agreementfounders collaboration147 remove_red_eye
Series Seed Preferred Stock Purchase AgreementGust Series Seed Preferred Stock Purchase Agreement Template (18 pages)startupinvestorstemplatesharesagreementstock purchaselegal79 remove_red_eyefreeby Gust
Convertible Note & Advanced Subscription AgreementConvertible Note & ASA Templates by Seed Summitstartupfundraisingconvertible notelegaldocumentsadvanced subscription agreementtemplates54 remove_red_eye
Safe (Simple Agreement for Future Equity) Financing DocumentsDocuments for Simple Agreement for Future Equity Financing for replacement of Convertible Notes.investorsfundraisingstartupssafelegal45 remove_red_eyefreeby Y Combinator
Explanatory Brochure on the Anatomy of a Term SheetExplanatory brochure designed to help entrepreneurs understand and evaluate early-stage equity financing term sheets.ventureequityfinancingfundraisingentrepreneurshipearly-stagevcsangel investorsterm sheetlegal112 remove_red_eye
Term Sheet TemplateA Simple Term Sheet Template by Gunderson Dettmer Law Firmstockterm sheetlegaldocumentsseries356 remove_red_eye
Startup Sample Investor Pitch Deck TemplateImportant advice on how Create A Great Investor Pitch Deck - For Startups Seeking Financingpresentationfinancingstartupinvestorsfundraisingpitch deckpitchingpresentingengaging56 remove_red_eye
Model Articles of AssociationModel Articles of Association Template (62 pages)legaldocumentsarticles of association45 remove_red_eyefreeby BVCA
Founders Shareholder Agreement TemplateThis founders shareholder agreement is what you need progress your startup from idea to reality.toolstartupshareholderstemplatefounderslegalshacommitmentfoundations486 remove_red_eye
Any questions on KISS Equity Version?
The user community and author are here to help. Go ahead!