• January 2019
    M T W T F S S
    « Dec    
     123456
    78910111213
    14151617181920
    21222324252627
    28293031  

500 Startups KISS Documents Lawyers


500 Startups KISS Documents Lawyers


FUNDRAISING

Grow your startup.

Use the KISS 500 Startups ("Keep It Simple Security") Convertible Debt or Equity Financing documents to close your next round with a LawTrades attorney.
Confirm best form of funding 

You have a KISS lawyer to turn to
Assurance you’re doing it right 

Avg price range

Costs largely depend on the complexity of the project, location, and other details. Speak with our experienced project managers to get an exact price based on your unique project requirements. 
 
*Estimates shown
  • 500 startups documents

$285 - $900 avg.

LawTrades
Traditional Large Firm

Sign-Up


By clicking continue, you are agreeing
to our
Privacy & Terms.

How you can use KISS documents

The KISS 500 Startups (Keep It Simple Security) docs are short and sweet funding documents released by 500 Startups after feedback from many early-stage investors. They are designed to be flexible, simple, and balanced from both the standpoint of the company and investor. There are two types of KISS agreements: a debt version and an equity version.

The debt version accrues interest (5%), has a maturity date of 18 months, and automatically converts to preferred stock if the company raises $1 million in the next qualified round. KISS equity securities similarly have an 18-month maturity date and an automatic conversion into equity at the next round of financing if $1 million is raised. KISS equity securities do not have an interest rate though, which makes them attractive to founders. Although a KISS is meant to be clear and easy to understand, it’s still in a company or investor’s best interest to have a KISS lawyer for business startups check things over before completing the deal.

The benefits

Confirm best form of funding 

There are other attractive options for companies - like SAFE documents and convertible notes - and a KISS lawyer for business startups can assess if those sources suit your business better.

Assurance you’re doing it right 

Although a KISS 500 Startups is meant to be simplistic, there are still mistakes to make. Also, it’s nice hearing from an attorney that the proposed terms of the agreement are fair and enforceable. 

You have a KISS lawyer to turn to 

There’s a good chance you’re going to like your KISS lawyer from LawTrades and want to keep using them. By setting up that relationship for a KISS, you have a legal expert to turn to when in need. 

How you can use KISS documents

The KISS 500 Startups (Keep It Simple Security) docs are short and sweet funding documents released by 500 Startups after feedback from many early-stage investors. They are designed to be flexible, simple, and balanced from both the standpoint of the company and investor. There are two types of KISS agreements: a debt version and an equity version.

The debt version accrues interest (5%), has a maturity date of 18 months, and automatically converts to preferred stock if the company raises $1 million in the next qualified round. KISS equity securities similarly have an 18-month maturity date and an automatic conversion into equity at the next round of financing if $1 million is raised. KISS equity securities do not have an interest rate though, which makes them attractive to founders. Although a KISS is meant to be clear and easy to understand, it’s still in a company or investor’s best interest to have a KISS lawyer for business startups check things over before completing the deal.

The benefits

Confirm best form of funding 

There are other attractive options for companies - like SAFE documents and convertible notes - and a KISS lawyer for business startups can assess if those sources suit your business better.

Assurance you’re doing it right 

Although a KISS 500 Startups is meant to be simplistic, there are still mistakes to make. Also, it’s nice hearing from an attorney that the proposed terms of the agreement are fair and enforceable. 

You have a KISS lawyer to turn to 

There’s a good chance you’re going to like your KISS lawyer from LawTrades and want to keep using them. By setting up that relationship for a KISS, you have a legal expert to turn to when in need. 

Sign-Up


By clicking continue, you are agreeing
to our
Privacy & Terms.

How it works

Evaluate.

Our legal team evaluates your business needs and designs a custom solution for your legal strategy.

Deploy.

We deploy the right legal talent to the right projects– both aligned with your company's culture and priorities.

Integrate.

We onboard your lawyers and they start contributing, supported by our senior legal staff.

Iterate.

Expand and contract work based on the fluctuating needs of your business.

How it works

Evaluate.

Our legal team evaluates your business needs and designs a custom solution for your legal strategy.

Deploy.

We deploy the right legal talent to the right projects– both aligned with your company's culture and priorities.

Integrate.

We onboard your lawyers and they start contributing, supported by our senior legal staff.

Iterate.

Expand and contract work based on the fluctuating needs of your business.

Reviews

Brett M.

⭐⭐⭐⭐⭐
Brilliant service. Lawyer appointed was very efficient, professional and quick. The whole incorporation process was very smooth. Looking forward to working with LawTrades again.

Tamas P.

⭐⭐⭐⭐⭐
Price. I know what I am paying instead of getting surprised. Transparent pricing I know what each bit costs instead of getting a big bill and not knowing what parts cost what and how much was for service vs hard fees such as filing fees. Also things progressed rapidly.

Chet R.

⭐⭐⭐⭐⭐
It easy, convenient & since the funds are released after the project completion, everyone looks forward to meet deadlines.

Yash P.

⭐⭐⭐⭐⭐
Amazing service, i cant get over texting to get a lawyer. it's revolutionary and can legitimately improve the US justice system for people with no access to quality lawyers.

Abhi S.

⭐⭐⭐⭐⭐
LawTrades was very user-friendly. I contacted them on a Saturday afternoon and was scheduled for a phone appointment that Monday evening. My attorney, Philip H., designed a thorough Terms of Service and Privacy Policy for my website that was directly tailored to my business. The project was completed on time and to my expectations. I will definitely use this service again. Thank you very much Philip!

Anderson V.

⭐⭐⭐⭐⭐
The response time was amazing, from the first time I entered my mobile continuing with some texts with the para. So easy, I started my process on a Saturday and had an appt for a consultation with an atty on Tuesday. I didn't have to speak with anyone to arrange the meeting and it was all managed over text. Atty has great reputation and was super responsive.

Kristen C.

⭐⭐⭐⭐⭐
I was really nervous about finding a legal mind to review my contract, but using LawTrades was very straightforward and the staff were very attentive and helpful at each stage. I would definitely recommend to anyone looking for simple legal help.

Melanie W.

⭐⭐⭐⭐⭐
Because the most difficult part of finding a lawyer was removed from my worries. I was able to focus on my business. Scheduling and the free consultation were also valuable giving me a piece of mind knowing I get to evaluate the lawyer before moving forward with them. The project managers were proactive, and made sure to reach me through all forms of communication as needed. Finally, my lawyer was very resourceful and I will be referring back them for more business.

What people
are saying

(100+ Positive Reviews)

⭐⭐⭐⭐⭐

Reviews

Yucel, T.

⭐⭐⭐⭐⭐
I got my questions answered. And I even learned two vey useful things which I wasnt aware of.

Andre, C.

⭐⭐⭐⭐⭐
The process was easy and the responses and communication was thorough and prompt.

Ester, W.

⭐⭐⭐⭐⭐
Very helpful in connecting me to the right lawyer with the right expertise. Highly recommended!

Legal Advice Anytime, Anywhere

With LawTrades, you can send your dedicated legal team a message whenever you’re near a laptop, tablet, or smartphone.

Frequently asked
questions

Do I need an attorney to set up a KISS?
Not necessarily but each round of funding is so important that it’s in your best interest to have a 500 startups kiss documents lawyer, at the very least, review the KISS. The terms of any deal should be based on your specific circumstances so speaking with a KISS lawyer for business startups to assess the right deal is advisable. Also, you should consult with a KISS lawyer before relying on any legal documents, especially if you’re unable to understand any of the terms.
What’s the difference between convertible notes and KISS documents?
The debt version of a KISS is essentially a convertible note without all of the formalities and hassles. KISS also has documentation for doing a traditional equity deal rather than a convertible note.
Should I go with a KISS or a SAFE document?
It depends on your situation. They’re both really helpful for businesses and investors looking for a simple agreement with clear terms. Generally, SAFE agreements are thought of as most founder friendly as they lack even the most basic forms of protection associated with convertible notes, namely an interest rate or a maturity date. On the other hand, terms within KISS agreements favor investors with a 5% interest rate, 18 month maturity date, information rights, and an automatic conversion of preferred stock if the company reaches $1 million in funding at the next round.
What is a “Most Favored Nation” clause?
It’s a provision within a KISS that states if the company ends up issuing better securities in the future, KISS investors can convert to those terms instead.
What are some other features of a KISS?
Under a KISS, if the company is sold prior to conversion to equity, the investor can opt to receive 2x the original investment or convert at the valuation cap. Also, a KISS provides investors who invest more than $50,000 with additional rights such as information rights and participation rights. Another feature of a KISS is that the investor can transfer its KISS to anyone at anytime.
Arman Habib Account Executive at LawTrades

Manage risk

Access 1,000+ select lawyers & boutique firms to tackle important initiatives that require specialized expertise.
Jerry Thomas Customer Success at LawTrades

Stay competitive

Save 50-75% compared to law firms, and avoid the overhead costs of full-time hires.

Ashish Walia COO & Co-Founder at LawTrades

Data driven

Data from 3,000+ projects powers the way we match lawyers and manage engagements.