It’s here. AngelList Docs. Close your round online. Finally.
A term sheet for humans. It starts with a beautiful term sheet that’s designed for real people, so you and your investors can easily understand the terms. Then you’re guided through the closing, automatically generating closing docs in the process. Collect signatures and wire information with a few clicks when you’re done.
Industry standard documents for equity and debt. The term sheet and closing documents are based on industry-standard Series Seed documents, so there is little to no negotiation. That means the closing happens faster and cheaper. There’s also an option to customize the docs if necessary.
No legal fees. The top startup law firm, Wilson Sonsini Goodrich & Rosati, will close your round without any legal fees if you qualify. And any law firm can use Docs to close your round online—please ask them about their fees.
Hundreds of companies have also used the underlying Series Seed documents in Docs to close their rounds.
Docs is currently in limited release. During this period, startups must apply to use Docs. After the limited release period, we will open Docs to the general public.