James Riley works at Goodwin Procter (sp)[1] and kudos to him -- this is a big contribution to the startup ecosystem.
Also, many thanks for not including an arbitration clause and class action waiver as a default term. Not only is it incredibly sleazy (in my opinion) but also many companies will have significant push-back on such a term. Usually requires their own in-house counsel to look at it, and that's the last thing you want.
Also, many thanks for not including an arbitration clause and class action waiver as a default term. Not only is it incredibly sleazy (in my opinion) but also many companies will have significant push-back on such a term. Usually requires their own in-house counsel to look at it, and that's the last thing you want.
[1] http://www.ycombinator.com/documents/#sales