The U.S. Constitution is the supreme law of the land in the United States. It creates a federal system of government in which power is shared between the federal government and the state governments. Due to federalism, both the federal government and each of the state governments have their own court systems. Most contract law cases are heard by the state court system.
This SaaS (Software as a Service) agreement can be used to set out the terms under which SaaS software may be accessed by a customer. It provides for the secure delivery of services to the user's terminal on a pay-per-use basis over a network, from processors hosted remotely by the SaaS provider.
This postmoney SAFE (Simple Agreement for Future Equity) can be used by startups as a tool for early-stage fundraising. YC's SAFE allows for high resolution fundraising and can reduced legal fees for both startups and investors by reducing the amount of time spent on the negotiation of terms. This is a SAFE with a valuation cap and a discount rate.
This pro rata side letter is an optional companion to YC's Postmoney Safe (Seed) Share Subscription with a valuation cap. The letter gives the investor the right to purchase its pro rata share of Standard Preferred Stock being sold in the Equity Financing.
This postmoney SAFE (Simple Agreement for Future Equity) can be used by startups as a tool for early-stage fundraising. YC's SAFE allows for high resolution fundraising and can reduced legal fees for both startups and investors by reducing the amount of time spent on the negotiation of terms. This is an uncapped SAFE with an MFN (Most Favored Nation) provision.
This postmoney SAFE (Simple Agreement for Future Equity) can be used by startups as a tool for early-stage fundraising. YC's SAFE allows for high resolution fundraising and can reduce legal fees for both startups and investors by reducing the amount of time spent on the negotiation of terms. This is a SAFE with a valuation cap only.
This is a standard, easy and fast term sheet, drafted by YC and customisable live on the Genie AI platform. Series A documents set the precedent for the terms of future rounds. For this reason you want to keep things simple early on, as complexity can creep in with each round. If you begin with complex terms, you will invariably make future rounds more complicated which might result in some investors dropping out.
Y Combinator have seen hundreds of term sheets and they therefore know what 'good' looks like. Founders, especially if it is their first company, do not. YC created this term sheet as an attempt to standardise terms and use plain english rather than legalese to alleviate this common disadvantage faced by founders.
The clauses and legal terms around company structure, board composition and operational control are particularly important to keep balanced and standardised.
Investors might manifest their desire to reduce downside risk or boost upside potential through the use of dirty terms, pushing you to sell against your wishes or controlling how much risk you take on in pursuit of a new potential strategy or pivot.
This template is intended to be customised with your own requirements, so you can cover the specifics of your standard needs. It will also allow you to fully customise it to your own specifications as you deem fit.
This postmoney SAFE (Simple Agreement for Future Equity) can be used by startups as a tool for early-stage fundraising. YC's SAFE allows for high resolution fundraising and can reduced legal fees for both startups and investors by reducing the amount of time spent on the negotiation of terms. This is an uncapped SAFE with a discount rate.
