WHAT ARE THE NVCA MODEL VENTURE CAPITAL FINANCING DOCUMENTS?

A "template" set of model legal documents for venture capital investments put together by a group of leading venture capital attorneys.

Has anyone worked with these?

In general, these documents are intended to reflect current practices and customs, and we have attempted to note where the West Coast and East Coast differ in a number of their practices. However, one of our goals in drafting these documents is also to reflect "best practices" and avoid hidden legal traps, even if doing so means straying from current custom and practice. We have attempted to avoid, or at least point out, certain problematic provisions that have become "market standard" terms. We have generally tried to indicate such issues with a footnote and explanatory language.