Thread by Aleksandr Volodarsky
Thread
Early-stage companies shouldn’t need to spend big $$ on lawyers for basic documents.
Here are the templates every startup can use:
Here are the templates every startup can use:
1/I used and will always use Stripe Atlas for company creation. For $500, they do everything, and it’s magic.
If you prefer to do it yourself, you’ll need corporate formation docs and the founder's stock purchase agreements.
• tinyurl.com/3tren2xx
• tinyurl.com/2etv4xwb
If you prefer to do it yourself, you’ll need corporate formation docs and the founder's stock purchase agreements.
• tinyurl.com/3tren2xx
• tinyurl.com/2etv4xwb
2/ To hire your first contractor, you’ll need Consulting Agreement. It includes the NDA, IP protection, and invention assignment.
tinyurl.com/2p86mmd3
tinyurl.com/2p86mmd3
3/ When you are ready to hire your first employee, give them a job offer and sign NDA and invention assignment agreement.
• tinyurl.com/2p8ajbcc
• tinyurl.com/4hf99jmc
If you are paying with stock, use these documents.
• tinyurl.com/3ajxyxtt
• tinyurl.com/2p8ajbcc
• tinyurl.com/4hf99jmc
If you are paying with stock, use these documents.
• tinyurl.com/3ajxyxtt
4/ When raising funds, some investors offer their own term sheets/agreements. Some might be complicated and not transparent.
Here is a term sheet and SAFE agreement from YC
• ycombinator.com/documents
• www.ycombinator.com/series_a_term_sheet
Here is a term sheet and SAFE agreement from YC
• ycombinator.com/documents
• www.ycombinator.com/series_a_term_sheet
5/ When selling smaller checks, use terms of use to regulate your relationship. Larger clients require a sales agreement.
ycombinator.com/sales_agreement
Some require an NDA
tinyurl.com/34cyt2ta
ycombinator.com/sales_agreement
Some require an NDA
tinyurl.com/34cyt2ta
It's not legal advice, make your own decisions. Templates will not work for any situation. Read them before using.
To adjust for your case use Upcounsil by @XavierHelgesen and @SievaKozinsky.
You’ll get a qualified help and won't pay $500/h for them just to consider your work.
To adjust for your case use Upcounsil by @XavierHelgesen and @SievaKozinsky.
You’ll get a qualified help and won't pay $500/h for them just to consider your work.
@XavierHelgesen @SievaKozinsky I hope this is helpful. I wish I had known this when I started lemon. io
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If you enjoyed this thread:
1. Follow me @volodarik. I share everything on the way of scaling my co to $100m
2. RT this tweet to share this thread with your audience
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I run a marketplace of vetted senior engineers from Europe and LatAm. Rates: Rates: $1.8k - $2.6k per week.
Happy to give a 15% discount for the first 4 weeks of work.