SAN FRANCISCO Ten years ago, it often took millions of dollars to launch and market a new tech startup. These days, getting a tech company up and running, particularly in digital media, can cost just a few hundred thousand dollars — and law firms in Silicon Valley have taken note.
To help cash-strapped startups, Fenwick & West Silicon Valley partner Ted Wang launched a free site, www.seriesseed.com, earlier this year. He’d noticed that startups looking for seed financing in the six-figure range were using the same documents that companies seeking multimillion dollar investments were. That cost them time and money. So Wang put together a set of downloadable documents that entrepreneurs can use for seed-stage deals.
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