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by nivi 5423 days ago
We went through the terms and deleted the following:

DELETED: "We also have the right to invest in any business on the same terms as are offered to Investors, or on better terms if we are able to negotiate them with Entrepreneurs, and we have no obligation to make those investment opportunities available to anyone else."

It was dumb. We also made a few other changes. Let us know if you have any other feedback http://angel.co/terms

We've taken small allocations in a few investments on the site but we've had to talk our way into the deal like every other investor in the world.

The terms are still not perfect nor will they ever be. I would like to rewrite and simplify them one day but that might be wishful thinking.

Thanks to our counsel for the quick fixes. And thanks for the bug report.

1 comments

Awesome. Time elapsed between the reporting of the bug, acknowledgement, resolution and release: < 3 hours.
Really. I'm half tempted to start a startup just to be able to use a service that is that responsive. Anyone want to push forward with the Trails version of Google Street with me? :-)