The following are recommend resources for various template structures to use (with appropriate counsel) in seed rounds. As counsel to startup companies, we use these as starting points for simplifying negotiation.
General reading:
Friends and Family Funding (Accredited Only)
A “Friends and Family” SAFE Template
Convertible Notes
Additional Reading: A Convertible Note Template for Seed Rounds
SAFEs
PRE-MONEY (more company friendly) Template (old download from YC’s website)
A corrected “Safe for founders” Post-Money SAFE Redline
Additional Reading:
- Why startups shouldn’t use YC’s post-money SAFE
- Fixing Convertible Note and SAFE Economics in Seed Rounds
Seed Equity (simplified Series Seed)
Cooley Series Seed Template Doc Generator
Additional Reading: Myths and Lies about Seed EquityÂ
NVCA Equity (full Series A-style docs)
Additional Reading: Startup Term Sheets