As the amounts invested in early stages get smaller, and some of the Series A rounds are replaced by angel rounds, there will be an economic incentive to move t

As the amounts invested in early stages get smaller, and some of the Series A rounds are replaced by angel rounds, there will be an economic incentive to move toward more standardized terms for these early rounds. The less money being invested at a given stage, the more conspicuous the lawyer fees for special terms will be.