PG has an essay that covers a lot of how this works (2005): http://paulgraham.com/startupfunding.html http://paulgraham.com/startupfunding.html This Techcrunc

PG has an essay that covers a lot of how this works (2005): http://paulgraham.com/startupfunding.html http://paulgraham.com/startupfunding.html This Techcrunch article is about convertible notes but covers some of this stuff and has some good links in it (2012): http://techcrunch.com/2012/04/07/convertible-note-seed-financings/ http://techcrunch.com/2012/04/07/convertible-note-seed-finan... And a more lawyerly perspective (2010): http://www.saul.com/media/tool/997_PDF_2534.pdf http://www.saul.com/media/tool/997_PDF_2534.pdf