Stop Online Piracy Act (SOPA) is a bill introduced in the United States. House Judiciary Committee Chair and Texas Republican Lamar S Smith, along with 12 co sponsors, introduced SOPA, on October 26th 2011. SOPA’s been created to increase the ability of US law enforcement, to fight online trafficking in copyrighted intellectual property and counterfeit goods. The law intends to expand existing criminal laws, by imposing a maximum penalty of five years in prison for unauthorized streaming of copyright material.
Y Combinator and Wilson Sonsini Goodrich & Rosati announced the Series AA Equity Financing Documents. Their goal is to make angel funding rounds for startups easier for both sides.
While they may not be suitable for all situations, the goal is to make the terms fairly neutral. So while it is advisable both parties using these documents to have their lawyers look at them, they provide a starting point that can be used in many situations without too many modifications.
Download them from Y Combinator
- Series AA Termsheet
- Series AA Stock Purchase Agreement
- Series AA Board Consent
- Series AA Stockholder Consent
- Series AA Amended and Restated Certificate of Incorporation
- Series AA Investors’ Rights Agreement
And here is all of them zipped for you (un-modified and un-altered).