VC Firm Foundry Group Open Sources Legal Docs
Brad Feld and Jason Mendelson, co-founders and managing directors at Foundry Group, a VC firm in Boulder, Colorado, continue their crusade to make VC financing as transparent as possible. Their previous Term Sheet Series is a must-read for entrepreneurs who are new to early-stage financing deals. As a further step, they have now decided to open source Foundry Group’s standard legal docs for all to peruse and use (usual disclaimers apply). The documents are included on the Resources page of their Ask the VC website, which also includes links to each of the five other open sourced deal docs now available.
Need more? Check out Brad and Jason’s new book Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist which further expands on their Term Sheet Series. You can pick up a copy on Amazon.