Click here to use the Cooley GO Docs 500 Startups KISS Convertible Debt or Equity Financing Documents Generator

Note that this document is intended only for US companies.

This document was produced and made available as part of the KISS (“Keep It Simple Security”) set of deal documents (including summary of terms) by 500 Startups, accompanied by the following disclaimer: You are encouraged to review the terms of the KISS documents with your own lawyer before using them. 500 Startups does not assume any responsibility for any consequence of using KISS.

Cooley LLP also does not assume any responsibility for any consequence of using KISS documents. Cooley LLP was not involved in the creation of the KISS documents and does not endorse or recommend the use of these default values or the documents themselves. Deal terms should be negotiated based on your specific circumstances. You should consult with an attorney before relying on any legal documents, especially if you don’t understand any of their terms. Review carefully and use at your own risk. You are responsible for ensuring that all necessary securities filings, if any, are prepared and filed.

Note that the default values presented in the Cooley GO Docs generator reflect those specified by 500 Startups. Also note that the documents were designed for Delaware corporations only. This workflow allows you to customize the fields that the original creators of the form have left blank – of course any other aspects of the document (including the $50,000 “Major Investor” minimum, the $1,000,000 “Next Equity Financing” trigger, details regarding the timing and specifics of financial statement delivery, “most favored nation” terms, etc.) can be customized in the generated documents.