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“TATS” Tradable Automated Term Sheet


“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

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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.


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.


Sign-Up


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

Reviews

Joel G.

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Everything was very streamlined; I tried contacting a "regular" law firm before setting up a LawTrades account, and they didn't even respond to me (even months later). LawTrades was so fast that I wasn't even prepared for it. Good stuff.

Stuart G.

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Excellent, straightforward service which was simple to use particularly when under a tight deadline.

Lori L.

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I am so thankful to have located Law Trades. As an indie publisher, I have a tight budget and help with legal documents can "break the bank". Law Trades offered a reasonable price - suitable for a small business like mine. The service was extremely professional and I was able to receive the legal document I needed in less than 1 week.

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Joey C.

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So far has been an excellent experience. My LawTrades attorney is excellent at what he does, has fair pricing, and is as excited to work with our company as we are to build it. LawTrades also has excellent customer support, and I've enjoyed using your interface as well to track invoices. The only thing I would want is the ability to delete projects, and to use your website on my tablet. Other than that, great work. Keep it up! I've already mentioned you to other founders and colleagues!

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I had an excellent experience with LawTrades. From the initial enquiry they located a lawyer (Sylvain) who was ideal for my needs. Sylvain was very friendly, efficient and provided a great service at a great price. I would not hesitate to use LawTrades or Sylvain again. The administration and process from start to finish was made as easy as possible by the LawTrades team.

Michael A.

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Have been working with them since back in 2015. They're building an amazing platform that's really going to disrupt how the legal practice has been looking at for quite a while. Big fan of what they are in the process of building, and the product itself is great too. Recommend this to anyone who's looking for a lawyer, but might be confused about where to start. LawTrades makes it super easy.