Upstock’s equity plan has been created by some of the world's best attorneys in the world's best experts that work at Baker McKenzie, Perkins, and other top law firms.
If you go the usual route and get an attorney to draft an equity plan from scratch, you're probably going to pay a lot for that.
Upstock’s equity plan is also more easily understandable by workers. We've gone out of our way to make sure that it doesn't use complex and confusing language. We want workers to understand it so we use plain English. This way it makes it less likely for the workers to need to hire an expensive attorney to review and explain it for them.
Moreover, Upstock’s equity system uses a one-size-fits-most approach. Hence, it only needs a few tweaks and some customization depending on the company.
Upstock’s legal documents are similar to Y Combinator’s SAFE which is a contract template from a trusted third party. Like Y Combinator, we want to act as a trusted intermediary so our reputation is always on the line. That’s why we want to ensure that our equity plan documents and agreements are fair and balanced so that both parties would be satisfied.