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AngelList Docs - Close your round online

angel.co

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Re: AngelList Docs - Close your round online

#6

Post by sgrove »

PStamatiou wrote: post #2

Seems like a natural fit for Naval et al. We used something similar last year -- https://www.clerky.com/

Seconded on Clerky, they're really amazing, and their support was fantastic. Felt like the future - and anytime I couldn't use it to close an investment, I felt major pain.

Naval is in an amazing position traction-wise though, so it'll be interesting to see how things shake out. I'm pretty confident that either way, entrepreneurs and investors will both be winners.

Re: AngelList Docs - Close your round online

#9

Post by naval »

salimmadjd wrote: post #3

This is a good first step, the question is how much protection founders gets. Are there any triggers if the founder is pushed out?

In most Series Seed financings, the Founders retain Board Control and can't be pushed out by just the Investors. If they're pushed out by the other founders and by the investors together, then their vesting agreement will govern what happens.
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