Today on TechCrunch, LEENA RAO reports on AngelList, the ” incredibly powerful (and disruptive) platform in the investing world” that connects start-ups and investors in a “hybrid social network, communication and crowdsourcing platform.” With the release of “Docs,” which consists of:
a standard term sheet
automatically generated closing documents
tools such as: electronic signatures, wire management, PDF generation, etc.
The two groups now have a means to close an actual transaction online. The advantages:
“For a seed stage round, legal fees can be upwards of tens of thousands of dollars, which is costly for a bootstrapped startups. Docs aims to eliminate some of the complexity of the actual raise by allowing users to enter information in fields, and produce a term sheet.”
On the Company site, there is also a platform to connect Founders with needed talent for their new ventures.