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by rdl·16y ago·view on hn ↗
Releasing "standard financing documents" like this is a win in two ways -- it saves you from the legal costs of creating documents from scratch each time, AND provides an "objective" "standard" set of documents, so people are less likely to waste a lot of time and energy negotiating. Or, if they do negotiate, at least there is a fair starting point.

If foreign countries wanted to try to recreate Silicon Valley (as the Startup Chile people are doing), they should create equivalent financing docs under their own national laws and publish them. A well-understood legal environment with lawyers/etc. familiar with the process is one of the big advantages of Silicon Valley and the US.