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Today, VC Lab is providing a set of freely available boilerplate documents intended to streamline the process, save everyone time and money and make fund governance structures more accessible. “We Similar fund formation documents regularly run into the hundreds of pages. Then they see the price and have to think twice.”
While it might sound strange getting your brother-in-law to sign a contract, a legal document is a great way to establish expectations for both parties. If a bank doesn’t believe in your idea, the startup community might — and there’s a good chance they’ll give you a lot of money if they do. Accelerators.
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