To keep convertible equity financings quick and simple, 500 Startups created the KISS legal docs. The KISS docs are short and sweet “open source” documents drafted after multiple discussions with a number of Silicon Valley law firms and early-stage investors. They are designed to be flexible without being overly customizable, simple while still including all of the necessary features, and balanced from both a company and investor standpoint.
We have provided two flavors of KISS to address the most common convertible financing structures we see today, along with a summary of the key terms:
About 500 Startups
500 Startups is a seed-stage investment firm dedicated to creating investor and entrepreneur ecosystems in the highest potential geographies around the world. With over 1,600 investments in more than 50 countries, 500 Startups is currently the most active seed investor in Silicon Valley, and the world.