AngelList Launches Docs: Co-founder Hopes to Bring it to Europeans in Spite of Nontrivial Regulations - Netokracija CEE

AngelList Launches Docs: Co-founder Hopes to Bring it to Europeans in Spite of Nontrivial Regulations

AngelList, the social network for startups and investors, launched a new Docs feature yesterday to help startups sign and close seed rounds online. The new service gives US-based startups a standard term sheet, automatically generated closing documents as well as numerous tools to make the whole investment process as seamless and easy as possible. Unfortunately, Docs will work just for US startups - for now.

AngelList…

AngelList, the social network for startups and investors, launched a new Docs feature yesterday to help startups sign and close seed rounds online. The new service gives US-based startups a standard term sheet, automatically generated closing documents as well as numerous tools to make the whole investment process as seamless and easy as possible. Unfortunately, Docs will work just for US startups – for now.

While AngelList Docs might mean a small revolution for US startups in terms of legal fees that Techcrunch’s Leena Rao notes are normally in the tens of thousands of dollars, the process still isn’t applicable to European startups. That is, unless they setup a company in Delaware which co-founder Naval Ravikant, commenting for Netocratic, said they actually did to attract US investors. Ravikant goes further:

It’d be nice if we could offer something like this for European and other startups eventually, although I’m sure that navigating regulations will be non-trivial. Even in the US, we can only offer this because of the JOBS Act which passed recently.

Naval Ravikant commenting the launch of Docs for Netocratic.

To put it plainly, making AngelList Docs compatible with European standards might be tricky and while most Eastern European countries are members of the EU, still not trivial at all. Some countries, such as Croatia or Serbia, still make it fairly hard for angel and seed investors to get on board with the newest generation of tech startups. What do you think about the potential for AngelList Docs in Central and Eastern Europe?

Comments

  1. Christoph Auer-Welsbach

    Christoph Auer-Welsbach

    6. 9. 2012. in 3:47 pm Reply

    This is a step into the right direction, although INISMO currently offers at his private & secure Deal Rooms a Term Sheet generator for Equity or Convertible Debt Investments, that can be used by anybody around the globe. The Term Sheet needs to be signed on-site then, but since investors and entrepreneurs have to meet anyway, this is just as simple as possible.
    PS: Closing Contracts are coming soon for Convertible Debt & Equity Financings!

Leave a Reply

Your email address will not be published.

Popular

Enterprise

Cenosco: A Dutch company that prevents explosions on oil platforms from Pula, The Hague and Zagreb through software, VR and AR

Applications that control the operation of oil platforms and plants for the processing of derivatives are directly responsible for a safer and cleaner world, and one of the best is created largely in Croatia.

Startups

Croatian fintech startup airt helps banks learn about user’s transactions using AI

This week we had opportunity to cover the announcement of airtAI, a Croatian fintech startup whose solution is based on artificial intelligence and is directed towards smaller banks that want to better assess the needs of their clients. Exclusively for Netrokracija airt’s CEO Hajdi Ćenan reveals the details.

What you missed

Startups

Croatian fintech startup airt helps banks learn about user’s transactions using AI

This week we had opportunity to cover the announcement of airtAI, a Croatian fintech startup whose solution is based on artificial intelligence and is directed towards smaller banks that want to better assess the needs of their clients. Exclusively for Netrokracija airt’s CEO Hajdi Ćenan reveals the details.

Enterprise

Cenosco: A Dutch company that prevents explosions on oil platforms from Pula, The Hague and Zagreb through software, VR and AR

Applications that control the operation of oil platforms and plants for the processing of derivatives are directly responsible for a safer and cleaner world, and one of the best is created largely in Croatia.

Startups

Blockchain from the Bloc(k): Listen to the 1st podcast dedicated to Balkan blockchain scene (by æternity and Netokracija)

We are delighted to present you Blockchain from the Bloc(k), the first podcast about Balkan's blockchain scene by Netokracija and æternity Ventures, asset management company investing in Blockchain startups.

Tech

We found out what’s happening in the Rimac Automobili office in Osijek

Rimac Automobili’s expansion is in full swing. After the opening of a development office in Split, a similar one has opened in Slavonia, or in Osijek’s Esseker center to be exact. To see the story behind the new office and the things being developed inside it, I’ve decided to simply – visit. My host was […]

Enterprise

6 Important Areas Often Overlooked by Product Leaders

Attending Product Management Festival 2017 (PMF 2017) in Zurich, Switzerland, and meeting amazing product professionals inspired me to go deeper into six important areas that are often neglected or entirely overlooked by product leaders.

Enterprise

The Latest Mind Innovations in Product Management

Announcing the 2-day conference showcasing top notch topics in product management.