Press Release March 06, 2013

Goodwin Procter Launches New Founders Workbench

Goodwin Procter, a national Am Law 50 firm, today announced its new Founders Workbench®, a free online resource that helps entrepreneurs navigate the legal and organizational challenges faced by start-ups and emerging companies. Originally launched in 2010 with free legal documents for C-Corporation formation, the site has been redesigned and enhanced with a comprehensive set of legal documents for establishing Limited Liability Companies (LLCs) and two new web apps: the Capital Calculator, which allows founders to instantly calculate dilution and liquidity under different financing and exit scenarios, and a Deal Dictionary, which introduces founders to the often obscure legal and financial terms used by venture capitalists and angel investors.

Other Founders Workbench resources include:
• Document Driver — free self-service tools for generating key legal documents
• A blog devoted to analysis of legal and industry topics relevant to start-ups
• Tips and best practices for forming, financing, operating, hiring for, growing and protecting a company
• Articles, interviews and videos featuring insights from industry experts including venture capitalists, successful founders and leading deal attorneys
• The weekly Founders Flash, with curated links to the week’s best stories, advice and tips for start-up founders

“Access to LLC documents in addition to the C-Corp documents is a big win for entrepreneurs,” said Nithya Das, associate general counsel at AppNexus and a member of the Founders Workbench Advisory Board. “The LLC option gives founders a smart alternative for structuring their company and is backed by additional resources including the Deal Dictionary, Cap Calculator and the expertise of Goodwin’s attorneys. Together, they can help make sure entrepreneurs are well-equipped to successfully innovate and build great businesses. And, did I mention it’s all free?”

“High-quality legals delivered at speed through technology is what founders want, need and deserve,” said Fred Destin, a Technology Group partner at Atlas Venture. “Goodwin Procter deserves a huge pat in the back for their continued efforts in helping startups work faster and smarter, building on a strong legal foundation.”

Goodwin Procter’s Technology Companies Practice helped clients achieve significant success in 2012, assisting in closing 629 venture capital financing transactions, 127 M&A transactions and eight initial public offerings in 2012. With more than 180 lawyers in the practice, the team handles early-stage, venture capital and growth equity financings, mergers and acquisitions and IPOs and follow-on public offerings. They provide dedicated representation to more than 800 emerging companies and entrepreneurs, 200 venture capital and private equity firms, and many of the leading investment banks.

Visit Founders Workbench at www.foundersworkbench.com. To follow Founders Workbench® on Twitter, go to twitter.com/FoundersWkBench.