Press Release

Cooley Releases Early-Stage Financing Documents

New Series Seed “Notes” and updated equity financing documents broaden resources available for entrepreneurs at Cooley GO
June 20, 2017

Palo Alto – June 20, 2017 – Cooley is releasing a package of customizable Series Seed Note documents on both its Cooley GO microsite and under open source license on GitHub as part of their modified version of the popular Series Seed equity financing documents.

The use of convertible notes for financings has become one of the most popular ways for startups to obtain initial seed funding. Cooley uses these documents in hundreds of transactions each year for its startup clients. In making these documents publicly available, Cooley is providing entrepreneurs and the wider venture community the opportunity to collaborate on their content, while ensuring that the documents remain accessible and evolve with the needs of entrepreneurs and investors.

To further support entrepreneurs looking for seed funding, Cooley has made various refinements and provided additional features to the Series Seed equity financing documents, many of which address suggestions made by the community to the original GitHub repository. Cooley will be making the new convertible note and updated equity financing sets of documents available as a “fork” of the original GitHub repository under the same open source license and on its document generators at Cooley GO. The original Series Seed equity documents have been valuable for entrepreneurs and investors, and these changes, along with the ability to quickly generate customized versions, make them even better. Along with these financing documents, Cooley is also making available certain other documents required in these transactions to help minimize the amount of time and cost required to complete a company’s seed financing.

Entrepreneurs will now be able to customize and download the Series Seed “Notes” and equity financing documents directly through Cooley GO’s document generators.

In line with Cooley’s commitment to the technology ecosystem and early stage businesses, the firm encourages the community at large to use these resources and welcomes any improvements or other feedback made via GitHub.

For more on all of these developments, please visit Cooley GO.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 900 lawyers across 12 offices in the United States, China and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.