Key Documents for Startup Investment

A set of 5 documents that commonly set out the terms of an investment in a startup:

1. Term Sheet
   This is a non-binding document that outlines the basic terms and conditions of an investment.

2. Shareholders' Agreement
   This agreement defines the rights and responsibilities of shareholders in the company.

3. Subscription Agreement
   This document is signed by the investor to purchase shares in the company.

4. Operating Agreement
   For LLCs, this agreement outlines the operational structure and rules of the company.

5. Due Diligence Report
   A comprehensive analysis of the business to assess risk and verify claims made by the startup.