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As an entrepreneur (not a lawyer) it's funny to see how other entrepreneurs treat legal expenses. For some reason most are under the impression that lawyers either draw these documents up each time they are needed, or that they take out a standard form and use find/replace on the company name.
Neither of these assumptions are even close to correct and your lawyer is your best friend during these times. During your funding stage you'll want to be in constant contact with them and they should be helping you at every step of the negotiations. The money you'll spend on a lawyer during your funding will be money well spent as mistakes at this stage will be extremely costly later.
Remember, that regardless of whether you have a lawyer or not, the investors will certainly be using their own, and you'll still have to pay for that. And trust me, if your investors have a competent lawyer and you don't, you're going to wind up on the short end of that equation.
If you're looking to spend less seek out a good solo or small firm who specialize in this kind of work rather than going to one of the bigger firms, who will charge and arm and leg and just put some first year associate on it.
"Series AA Equity Financing Documents
Sorry, there's a glitch with the documents and we had to take them down. We hope to have something back soon. "
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