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Thats interesting. I've heard that pg has recommended using the YC legal documents. That statement would seem to contradict what you've said, no?
by chacham15 14y ago
Thats interesting. I've heard that pg has recommended using the YC legal documents. That statement would seem to contradict what you've said, no?
- bmelton 14y agoThe YC legal documents are drafted by YC-approved attorneys specifically for allowing them to structure the companies in the way that YC prefers. This means that their boilerplate is geared for having seed investors with an easy ability to add on larger investors later on. In short, their boilerplate documents fit the way that they do business, and as such, is probably not a horrible way to go if you're going to do business with YC. If you're not going to do business with YC, then there are a million other things you have to account for. Even if you ARE going to do business with YC, you still might want to change the documents in play to fit your environment best. As I understand it, there's enough experience there to be able to guide you as to whether or not their boilerplate fits your exact needs.