Legal Docs for Seed Money

While in the past, technolology Series A financing was over $10 million, today, the starting point is often under $1 million. Legal documents used to create these companies need a new look, and  Ted Wang, an attorney at Fenwick & West, and venture firm Andreessen Horowitz, is providing a new format for these early-stage finacing. The Series Seed documents are designed for fundings of between a couple hundred thousand and $1.5 million. They  simplify the old, huge documents, and are not only smaller, but also available on-line.