SAMPLE STARTUP DOCUMENTS
YOU HAVE AN IDEA. WHAT NEXT?
PROTECT YOUR IDEA
YOU NEED MONEY
Once the money of the investors and the FFF (fools, friends and family) is used up, a start-up will have to get financing from third parties, such as business angels or early stage venture capitalists.
FIRST FINANCING ROUND
SAMPLE NON-DISCLOSURE AGREEMENT
Protection of the information about the company, product, business idea, etc.
To be signed prior to disclosing any confidential information to potential investors
SAMPLE TERM SHEET
A.k.a. Letter of Intent (LOI), Memorandom of Understanding (MoU), etc.
The parties set in a non-binding manner the key terms & conditions of the envisaged financing transaction
SAMPLE INVESTMENT AGREEMENT
The terms & conditions of the investment, such as the amount invested, tranches, etc.
Representations & warranties by the founders
SAMPLE CONVERTIBLE LOAN AGREEMENT
Why a Convertible Loan?
The traditional financings by loans or equity do either not reflect the investor’s interest in participating in the growth of the company (classic loans) or are static and cumbersome to achieve (equity by issuance of new shares). Therefore, WorldWebForum promotes, in line with the lean start-up approach, the issuance of convertible loans.
A convertible loan is a hybrid instrument entitling (and sometimes obliging) the lender to convert the loan to common or preferred shares at a specified conversion rate and within a specified timeframe or upon certain events.
SAMPLE SHAREHOLDERS' AGREEMENT
Rights & obligations of the Founders & the Investors as shareholders of the company
Watch out: It's only about the Founders' rights as shareholders; their position as employee has to be regulated in a separate employment agreement