BREAKING: FTC Votes to Issue Final Noncompete Rule
The Federal Trade Commission (FTC) adopted a controversial rule for noncompete ...
News
1 min read
Cooley Releases Early-Stage Financing Documents
23 Jun, 2017
New Series Seed “Notes” and updated equity financing documents broaden resources available for entrepreneurs at Cooley GO
Palo Alto – June 20, 2017 – Cooley is releasing a package of customizable Series Seed Note documents on both its Cooley GO microsite and under open source license on GitHub as part of their modified version of the popular Series Seed equity financing documents. The use of convertible notes for financings has become one of the most popular ways for startups to obtain initial seed funding. Cooley uses these documents in hundreds of transactions each year for its startup clients. In making these documents publicly available, Cooley is providing entrepreneurs and the wider venture community the opportunity to collaborate on their content, while ensuring that the documents remain accessible and evolve with the needs of entrepreneurs and investors. To further support entrepreneurs looking for seed funding, Cooley has made various refinements and provided additional features to the Series Seed equity financing documents, many of which address suggestions made by the community to the original GitHub repository. Cooley will be making the new convertible note and updated equity financing sets of documents available as a “fork” of the original GitHub repository under the same open source license and on its document generators at Cooley GO. The original Series Seed equity documents have been valuable for entrepreneurs and investors, and these changes, along with the ability to quickly generate customized versions, make them even better. Along with these financing documents, Cooley is also making available certain other documents required in these transactions to help minimize the amount of time and cost required to complete a company’s seed financing. Entrepreneurs will now be able to customize and download the
Series Seed “Notes” and
equity financing documents directly through Cooley GO’s document generators. In line with Cooley’s commitment to the technology ecosystem and early stage businesses, the firm encourages the community at large to use these resources and welcomes any improvements or other
feedback made via GitHub. For more on all of these developments,
please visit Cooley GO.
About Cooley LLP Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. Cooley has 900 lawyers across 12 offices in the United States, China and Europe.
