Thanks to the Startup Lawyer (Ryan Roberts), I'm now aware that the legal documents used by Y Combinator are available for download. This is particularly interesting to me because I believe that a distinct disconnect has emerged over the last few years where venture capital firms swelled with money just as internet startup costs began to plunge. The result, of course, is that some VC's struggle to find effective ways to deploy their piles of capital, and that entrepreneurs can't quite figure out how to fund their companies with digestible amounts of money. As a result, we've seen the emergence of two phenomena: More organized angel investors and groups like Y Combinator.
I don't know if either of these investor types will fill the gap that I am seeing (if, in fact it exists - I have no actual data to support my theory - just anecdotes). I do know that they're much more in line with what I want to see as an entrepreneur. I don't need $5 million. In fact, I can't quite figure out what I'd do with more than $50,000 or so to get started.
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