Library Guides: Start-Up Law: Sample Documents & Online Tools

Financing Calculators

These are free web-based tools which can be useful in calculating different financing options.

Startup Economics - SmartAsset.com
Allows a start-up to calculate how different funding events will affect it and its investors over time, and at exit. Start-ups can also specify different co-founder share allocations and add employee or adviser shares.
FastIgnite, Inc. - Startup Tools
FastIgnite, Inc. has tools to calculating a start-up's true pre-money valuation, compare between different financing options, calculate vesting for options and restricted stock, and calculate potential funds from option exercise and sale.

Term Sheet Generators

Start-Up Tool Kit - Term Sheet Creator
The firm Orrick, Herrington, & Sutcliffe allows start-ups to input their information and create a free draft of a term sheet to be used in financing negotiations.
WSGR Term Sheet Generator
The law firm Wilson, Sonsini, Goodrich & Rosati allows start-ups to input their information and create a draft term sheet for free.
National Venture Capital Association - Model Term Sheet
The National Venture Capital Association provides a model term sheet in the form of a Microsoft Word document for free.
Business Transactions Solutions
A sample bridge financing term sheet from the Business Transactions Solutions database on WestlawNext. Thomson Reuters sells the treatise and CD "priced per user."
Representing Start-Up Companies - Bridge Financing Term Sheet
Representing Start-Up companies, a corporate treatise highlighted on the Shared Secondary Sources page, contains a bridge financing term sheet. Unlike the above term sheets, this is the classical secondary source document. The hyperlink directs to WestlawNext.

Other Sample Documents

Business Transactions Solutions - This database is very useful because it has a chapter of forms by Alan Gutterman (Part V, Chapter 74) specifically related to venture financing! The forms include a Series A Preferred Stock Summary of Terms, Investment Agreement, Stock Transfer Restriction Agreement, Voting Agreement, and Bridge Financing Agreement. These documents can be downloaded in an "easy edit" format. The individual form's cost is determined by the user's Westlaw pricing structure. The The hyperlink directs to chapter 74 of the treatise in WestlawNext. Westlaw sells the CD containing all forms "priced by user."

Bloomberg Law has a database of DealMaker Documents. Try searching for "convertible notes."

Angel Capital Association has a sample term with drafting notes in the form of Microsoft Word comment bubbles. This is a free option in contrast to the above paid forms.