Evolvable Contract Spreadsheet

A Computational Contract

Traditionally, negotiations between venture capitalists and entrepreneurs have been onerously lengthy and complex, resulting in static, often times incomprehensible contracts. The entrepreneur is frequently at the greatest disadvantage. The Law Lab's new Evolvable Contract Spreadsheet is a computational contract that produces a robust fairness never before seen in contracting. Using the example of a Wilson Sonsini standard venture capital term sheet, the demo tool above allows users to easily understand the implications of different provisions and clauses that are typically negotiated.

The Evolvable Contract Spreadsheet allows all parties (founders, management, employees, angle investors, series A, B, and C investors) to explore what-if scenarios for the implications of not only different business scenarios and funding options, but also how provisions impact different funding and ownership structures.

Demo the Evolvable Contract Spreadsheet (4MB .jar).