
Primer on the NVCA Series A Preferred Stock Purchase Agreement
The NVCA’s standard Series A Preferred Stock Purchase Agreement is designed to streamline venture financing. While it’s comprehensive, it isn’t cookie-cutter. Every deal is unique, and each section can be tailored to meet specific goals and risk tolerances. Think of the PSPA not just as a one-time document, but as a guiding framework that will influence how you operate—and how you collaborate with your investors—for years to come.