The European Venture Capital Journal reports that:
… the British Venture Capital Association (BVCA) has decided to go ahead to prepare these documents a set of model investment documents
On the face of things, this will make life easier for both entrepreneurs and investors by providing standard documentation for documenting the equity deal. Also, legal documentation in a deal can easily reach tens of thousands for any given investment, so the potential savings could be substantial.
However, having just completed the BVCA Legal Documentation in Private Equity Transactions course, I am skeptical that the BVCA will rush to cannibalize those (pricey) courses. The legals course is obviously geared towards venture capitalists and protecting your investment- and my main interest will be to see if these docments are neutral, investor friendly or entrepreneur friendly.