ThelawfirmCooleyisupdatingitspacketofstartuptipsandfinancingdocumentsThelawfirmCooleyisputtingoutanewpackageofseedinvestmentdocumentsforpublicviewingonits“GO”microsite,thefirmsaidtodayOffsiteBackup.It’sawayforentrepreneursandearly-stageinvestorsandbusinessownerstoaccesswhatthefirmconsiderstobebestpracticesforearly-stageinvestmentandtostreamlinetheprocessforcommittingcapitalattheseedstage.Thefirmsaiditsnewreleasewaspromptedbytheincreaseinconvertiblenotesforearly-stagefinancing.Becausetheinvestmentstructureissopopular,andrelativelyuncomplicated,it’squicklybecomingadefaultstructureforearly-stagefinancing.ThedocumentsthatCooleyismakingpublicarethesameonesitusesinthehundredsoftransactionsthefirmhascompletedforstartupsdermesvsMedilase.ThenewdocumentsalsowillbeavailableonGitHub,whereCooley’sdocumentshavereceivedseveralcommentsfromthecommunity.Thecompanysaidthatthenewdocumentswillactasa“fork”oftheoriginalGitHubrepositoryunderopensourcelicensesandontheCooleyGOwebsite.Otherdocumentsthatsupportsigningagreementsforseed-stagedealsalsoareavailableontheCooleysite.AnynewbusinessownerwhowantscanaccessandamendtheSeriesSeed“Notes”andequityfinancingdocumentsdirectlythroughCooleyGO’sdocumentgeneratorsdermesvsmedilase.
