Nivi, great idea -- thanks! The fine print says WSGR will help (for free?) if the startup is "qualified," what can you tell us about their qualification process?
AngelList Docs - Close your round online
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Re: AngelList Docs - Close your round online
#12This is a brilliant move. A lot of entrepreneurs would likely still want to take it offline (if their needs don't satisfy Series Seed) but for the majority of people this will make life a whole lot easier - especially with no legal fees! Brilliant move on AngelList's part.
Congrats Naval + Nivi.
Re: AngelList Docs - Close your round online
#13Nivi, great idea -- thanks! The fine print says WSGR will help (for free?) if the startup is "qualified," what can you tell us about their qualification process?
Read all about it: https://angel.co/help/docs#free-closing
Re: AngelList Docs - Close your round online
#14Brilliant idea. The only other tools I use in conjunction with AngelList are Trello (Investor management) and a mindmap for keeping track of who knows who (AL has asynchronous following so their "You know via" isn't that helpful to me personally)
Re: AngelList Docs - Close your round online
#15Nivi, great idea -- thanks! The fine print says WSGR will help (for free?) if the startup is "qualified," what can you tell us about their qualification process?
Yes, WSGR will do the closing for free, for any startup that they're willing to take on as a client (i.e., credible). We'll be announcing other law firms who will do the same shortly.
Re: AngelList Docs - Close your round online
#16First step to crowdfunding for equity online. I think AngelList is being smart and honing down what that would begin to look like.
Re: AngelList Docs - Close your round online
#17Cherian from Cucumbertown (http://www.cucumbertown.com/) here.
I think we were among companies to do the AngelList Docs online. Can answer related questions.
Edit: First
Re: AngelList Docs - Close your round online
#18Nivi from AngelList here. Please me know if you have any questions.
Just wanted to say thanks, you're making my life a lot easier.
+1. Thanks Nivi! You made our last funding effort so much easier, we can't say enough good things about angel list. I look forward to trying angel docs for my next startup when the time comes!
Re: AngelList Docs - Close your round online
#19Nivi from AngelList here. Please me know if you have any questions.
Thanks for doing this - while certainly it existed before in Clerky I believe having it in angel list lends credibility which will ultimately save a lot of money and time for people.
Re: AngelList Docs - Close your round online
#20Seems like a natural fit for Naval et al. We used something similar last year -- https://www.clerky.com/
I just incorporated using Clerky. Superb service.