Reading legal docs does suck for angels. We launched a product on AngelList that completely standardized the seed-round docs (debt or equity), the early adopters liked it, but we didn't get traction and it was an awful lot of legwork to maintain.<p>good initial press, but it didn't work out ( there's an entire blog post I could write about why)<p><a href="http://pandodaily.com/2012/09/05/angellist-launches-free-seed-funding-closings-saving-you-20k-and-months-of-hassle/" rel="nofollow">http://pandodaily.com/2012/09/05/angellist-launches-free-see...</a>
Awesome post and view what it's like to be a new angel investor and paying back the startup community. We need those who've been successful to support other entrepreneurs even though most investments fail. Love the honesty and matter of fairness. Hope I get there someday.
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