Open source seed documents

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Angels and micro-VCs are an increasingly important part of the funding landscape for many of our clients, particularly those in the web and mobile applic

What specific free documents can entrepreneurs use for seed funding?

What specific free documents can entrepreneurs use for seed funding?

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My startup is in the process of raising seed funding 100k+. When I receive the term sheet, is there any document that I can review to avoid making mistakes? What are some of the safety measures I should take?

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Casper Johansen, Danish Entrepreneur in China

 
There are several sets of ‘standard’ documents which you can consider using or at least reviewing and using as a comparison to a term sheet you get.  
1) Y Combinator Series AA: http://ycombinator.com/seriesaa….

2) Series Seed: http://www.seriesseed.com/posts/…

3) TechStars: http://www.techstars.org/2009/02…

Yokum Taku does a great job at comparing them and explaining pros and cons of using these vs. using a lawyer: http://www.startupcompanylawyer…. 
The cool thing about these 3 sources is that they are a set of documents, i.e. they can take you from term sheet and all the way through to closing the investment round. 
For a bit more complex and later stage docs you can see:

 4) Wilson Sonsini term sheet generator:
http://www.wsgr.com/wsgr/display… 

5) Orrick term sheet generator:
https://tsc.orrick.com/default.aspx 

6) The Funded: http://www.thefunded.com/funds/i… (also a full set of docs).

If you want more reading on this topic you can also check out these links: 
http://techcrunch.com/2008/08/13… 
http://www.seriesseed.com/posts/… 
http://www.startupcompanylawyer…. 

There was quite a debate back in Q2 2009 around this topic and you’ll be able to find lots of views from then. Reading these articles helps get a really good understanding of the contents of the docs and you can then form your own view on how you take your funding documentation process forward.