There are no “official” document for “angel investing” because there isn’t anything that officially defines ‘angel investing’. That said, there are a number of “standard” sets of documents that are used by those Accredited Investors who invest in early stage companies in the US. The three most common are:
But before you start working with any of them, you would be highly [highly!] advised to read a basic book on the subject. Luckily for you, I’ve written a couple of them!
If you’re approaching this from the investor side of the table, I’d suggest Angel Investing: The Gust Guide to Making Money & Having Fun Investing in Startups
, which is the standard instruction manual recommended by most serious groups of angel investors.
If you’re a founder looking to raise money from angels, I’d instead suggest The Startup Checklist: 25 Steps to a Scalable, High-Growth Business
, which has been adopted by over 500 universities as the text for their entrepreneurship programs.
Both books include chapters about the angel investing process and include sample term sheets in their appendices.
Finally, if you’re the type of person who doesn’t want to read about it but just wants to dive in and get going, then I’d suggest checking out Gust Launch
, an online Company as a Service platform that will do all the work for you, include time with a lawyer, and ensure that you’re using the right documents and legal structures both to set up your company and raise funds from angels.
Good luck with your activities…whichever side of the table you’re on!
By the way, take the above advice with an understanding of where it’s coming from: I happen to be the author of both those books and the founder and CEO of Gust!