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I wish the world could be more like this for startups, but it isn’t, at least not in Canada. The Venture SLA has some interesting insights into terms, and is apropos of a conversation over at the StartupNorth Facebook page.

Paul Graham’s post on startup investing trends is a useful complement. It’s very frustrating as a lawyer to see entire deal structures – including vetos over founder control of the business – driven off of (ie getting more complicated and expensive for the company) the VC’s calculation of how much of the company they need to own at Series A in order to make the time investment worthwhile.