Sorry for the delay. WSGR wanted to add some disclaimers to the documents, and then we ourselves were busy with Demo Day(s).

There's now a termsheet as well, which some people had asked for.

Thanks! Are you thinking of releasing the Delaware Incorporation documents that you give each company too? I think it will be a great resource.

Thankyou very much good sir!

Can you also provide one easy zip file to download?

Sigh! To whoever down voted,

1. Total file size uncompressed is 428 kB, compressed is roughly 100 kB i.e. reduced bandwidth from origin & faster downloads

2. The webserver has to process 1 request instead of 6

3. Having all the word files in one zip file is easier to download

I'm not sure it's legal to put an exclamation point after "sigh"

you have no idea the kind of good karma (real, not HN :-)) that is going to come YC's way thanks to this!

Thanks very much!

Just submitted a comment in the Venture Hacks feedback suggesting an article or series of articles breaking these down into layman's terms.

It's nice to have the documents; it'd be even nicer to have a decent handle on the implications of their use.

Well said. For the term sheet check out Brad Feld's term sheet series: http://www.feld.com/blog/archives/term_sheet/

I'll put up a post about these documents on http://www.startupcompanylawyer.com in the near future.

That's nice, thanks!

I didn't see a license that these were released under.

It could be useful to put these onto a wiki and allow people to mark them up with comments about any changes they made to them through the course of their own use.

What kind of license are they released under?

None in particular. I don't think they need to be. They're not the sort of thing the user publishes, like an image; nor is there any plan (for now at least) to incorporate changes contributed by other people, as one would with software.

A Creative Commons license might be a useful thing to add. With no license specified a potential user could run into picky copyright law hangups down the line.

Does a new ycomb company require vesting for all the cofounders? If so is it the typical (4 year vesting, 1 year cliff etc) terms?

It's not a requirement. But they strongly suggest the typical 4 year vesting with 1 year cliff. (Actually, "strongly" might be an understatement.)

as of summer 2006, yes. standard 4/1 yr

We don't actually require it, but we encourage it, so that there's a predefined way to handle cofounders leaving.

Does WSGR work with many YC startups? I had heard that they've lost interest in most early stage web stuff, but I was wondering if they were more likely to work with YC companies since they clearly work with YC itself.

WSGR is very interested in working with all startups, including early stage web startups. WSGR represents many YC-backed companies.

Very many.

Thanks!