“TATS”
Tradable Automated Term Sheet
FUNDRAISING
Introducing “TATS”
Tradable Automated Term Sheet.
Facilitate trading of shares
Curated for non-public companies
Sell the right way
What are TATS
The TATS (tradable automated term sheet) is a new angel investment term sheet Draper Associates and Brubaker Law brought to LawTrades to make standard for our customers. This will allow startups to be eventually tradable if not public and automated so people can easily manage their private shares. TATS is an addendum to the Series Seed investor term sheet for startups.
During its development TATS was reviewed by top Silicon Valley investors and attorneys. We believe it is a legal step in the right direction for both investors and founders.
As with everything else, we plan on iterating TATS over time. If you have any comments or suggestions on how we can improve or be on a list of investors who has agreed to accept these docs, let us know by sending an email to support@www.lawtrades.com or @lawtrades on Twitter.
Details
The Tradable, Automated Term Sheet (“TATS”) (and corresponding investment documents) is designed to facilitate trading of shares of non-public companies. We have taken the standard set of Series Seed financing documents, available at seriesseed.com, and modified them to allow for, in certain circumstances, the transfer (sale) of private company stock by those early stage investors. The idea here is to incentivize investors by allowing them the option of earlier liquidity, hopefully allowing more startups to have access to funding.
In addition to adding the transferability of shares by investors, we have also added a Co-Sale right for the investors to the seriesseed.com documents. This allows investors a right to sell, in proportion to their ownership, alongside any proposed sale of shares by Founders. This also gives investors an incentive by providing them a possible option at earlier liquidity.
The TATS may not be applicable or advisable in every situation. Please contact an attorney before using these forms for any investment. LawTrades does not assume any responsibility for any consequence of using the TATS, including failure to comply with any applicable federal or state securities law.
In addition to adding the transferability of shares by investors, we have also added a Co-Sale right for the investors to the seriesseed.com documents. This allows investors a right to sell, in proportion to their ownership, alongside any proposed sale of shares by Founders. This also gives investors an incentive by providing them a possible option at earlier liquidity.
The TATS may not be applicable or advisable in every situation. Please contact an attorney before using these forms for any investment. LawTrades does not assume any responsibility for any consequence of using the TATS, including failure to comply with any applicable federal or state securities law.
What are TATS
The TATS (tradable automated term sheet) is a new angel investment term sheet Draper Associates and Brubaker Law brought to LawTrades to make standard for our customers. This will allow startups to be eventually tradable if not public and automated so people can easily manage their private shares. TATS is an addendum to the Series Seed investor term sheet for startups.
During its development TATS was reviewed by top Silicon Valley investors and attorneys. We believe it is a legal step in the right direction for both investors and founders.
As with everything else, we plan on iterating TATS over time. If you have any comments or suggestions on how we can improve or be on a list of investors who has agreed to accept these docs, let us know by sending an email to support@www.lawtrades.com or @lawtrades on Twitter.
Details
The Tradable, Automated Term Sheet (“TATS”) (and corresponding investment documents) is designed to facilitate trading of shares of non-public companies. We have taken the standard set of Series Seed financing documents, available at seriesseed.com, and modified them to allow for, in certain circumstances, the transfer (sale) of private company stock by those early stage investors. The idea here is to incentivize investors by allowing them the option of earlier liquidity, hopefully allowing more startups to have access to funding.
In addition to adding the transferability of shares by investors, we have also added a Co-Sale right for the investors to the seriesseed.com documents. This allows investors a right to sell, in proportion to their ownership, alongside any proposed sale of shares by Founders. This also gives investors an incentive by providing them a possible option at earlier liquidity.
The TATS may not be applicable or advisable in every situation. Please contact an attorney before using these forms for any investment. LawTrades does not assume any responsibility for any consequence of using the TATS, including failure to comply with any applicable federal or state securities law.
In addition to adding the transferability of shares by investors, we have also added a Co-Sale right for the investors to the seriesseed.com documents. This allows investors a right to sell, in proportion to their ownership, alongside any proposed sale of shares by Founders. This also gives investors an incentive by providing them a possible option at earlier liquidity.
The TATS may not be applicable or advisable in every situation. Please contact an attorney before using these forms for any investment. LawTrades does not assume any responsibility for any consequence of using the TATS, including failure to comply with any applicable federal or state securities law.
Reviews
Daniel, H.
⭐⭐⭐⭐⭐
Simple and trustworthy system. The project manager through text message is a good idea and helps a lot with the process, especially their timely response.
Simple and trustworthy system. The project manager through text message is a good idea and helps a lot with the process, especially their timely response.
8 months ago
Rafael, R.
⭐⭐⭐⭐⭐
I was very comfortable with the environment it was my first meeting and I knew it was on the right track I did understand my lawyer I was listening I did absorb the information given to me. COMUNICATION ON POINT.
I was very comfortable with the environment it was my first meeting and I knew it was on the right track I did understand my lawyer I was listening I did absorb the information given to me. COMUNICATION ON POINT.
8 months ago
Bruce C.
⭐⭐⭐⭐⭐
Fast, seamless, elegant platform; a world-class attorney handled our case quickly, perfectly and affordably. Thanks Lawtrades!
Fast, seamless, elegant platform; a world-class attorney handled our case quickly, perfectly and affordably. Thanks Lawtrades!
8 months ago
Yucel, T.
⭐⭐⭐⭐⭐
I got my questions answered. And I even learned two vey useful things which I wasnt aware of.
I got my questions answered. And I even learned two vey useful things which I wasnt aware of.
8 months ago
Andre, C.
⭐⭐⭐⭐⭐
The process was easy and the responses and communication was thorough and prompt.
The process was easy and the responses and communication was thorough and prompt.
8 months ago
What people
are saying
(100+ Positive Reviews)
Reviews
Daniel, H.
⭐⭐⭐⭐⭐
Simple and trustworthy system. The project manager through text message is a good idea and helps a lot with the process, especially their timely response.
Simple and trustworthy system. The project manager through text message is a good idea and helps a lot with the process, especially their timely response.
8 months ago
Rafael, R.
⭐⭐⭐⭐⭐
I was very comfortable with the environment it was my first meeting and I knew it was on the right track I did understand my lawyer I was listening I did absorb the information given to me. COMUNICATION ON POINT.
I was very comfortable with the environment it was my first meeting and I knew it was on the right track I did understand my lawyer I was listening I did absorb the information given to me. COMUNICATION ON POINT.
8 months ago
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