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Public Benefit Corporations
Form your startup as a Delaware public benefit corporation, for added flexibility to make your startup a force for good. Clerky products help you form your PBC startup safely, so you can go on to raise money and hire people without issue.
Regular Delaware corporations are obligated to maximize stockholder value.
Delaware public benefit corporations must balance stockholder value with one or more specified public benefits, as well as the interests of anyone materially affected by its conduct.
"We've been impressed with the focus Clerky has on quality, and are thrilled that responsible startups now have a simple and efficient turnkey solution for embedding their values into their corporate structure from day one."
Our software has everything PBC startups need before a Series A, from formation to fundraising to hiring. As your startup grows, we will be by your side to help you do paperwork safely and keep everything organized.
"At FreeWill, we know that even one minor mistake in legal paperwork can be a catastrophe. With Clerky's unique focus on helping startups get legal paperwork done safely, it was a simple decision to use Clerky."
FreeWill is funded by Highland Capital Partners and Dorm Room Fund (run by First Round Capital), and was founded by Patrick Schmitt (former Head of Innovation at Change.org, a B Corp), Jennifer Xia, Helen Zou, and Alexander Leishman. FreeWill provides users with a friendly and intuitive way to create high-quality legal wills, completely free. These tools make charitable giving within wills easier than ever, and the company aims to raise $1 trillion globally for nonprofit organizations.
"It was a no-brainer to use Clerky for Crowdbotics. We used Clerky products extensively at my last startup, where we raised over $20 million - our paperwork from Clerky went through several rounds of investor due diligence with no issues."
Crowdbotics was founded by Anand Kulkarni, a serial entrepreneur who led his previous startup through Y Combinator to raise over $20 million in venture capital financing. Crowdbotics is using machine learning to enable crowd-sourced software development.