Common Paper
Common Paper is a B2B company based in Philadelphia, specializing in creating standardized, open-source contracts for commercial transactions and providing a contracting platform to accelerate sales cycles.
Overview of Common Paper
Common Paper, a company headquartered in Philadelphia, PA, and operating remotely, specializes in providing a contracting platform for B2B sales. Their mission is to help startups close deals faster and with less risk by creating standard, open-source contracts for commercial transactions. They offer a variety of software and resources to facilitate the management of standard contracts, including NDAs, DPAs, and sales agreements.
Founders
Common Paper was founded by Jake Stein and Benjamin Garvey. Both founders bring significant expertise in the tech industry, contributing to the company's mission of simplifying and accelerating the sales cycle through standard contracts and programmatic accessibility.
Products and Services
Common Paper offers several products and services, including a SaaS Agreement Toolkit and a Cloud Service Agreement. They provide additional resources such as the Language Library and an API for integrating contract data with other business systems. Their platform supports management and execution of standard contracts, with thousands of contracts downloaded and 63% closing within 24 hours.
Investor Support and Funding
Common Paper has raised a $4.5 million seed funding round, backed by investors including Boldstart, Uncork Capital, and Y Combinator. This backing has allowed the company to expand its remote-first team across the United States and develop its contracting platform further.
Remote-First Company Culture
Common Paper embraces a remote-first company culture, with a team size of 9 spread across the United States. They encourage potential team members to get in touch via email and maintain a strong presence on social media platforms such as Twitter and LinkedIn. Their operations include robust support and a Help Center, ensuring a streamlined experience for all users.
Resources and Support
Common Paper provides multiple resources to assist their users, including a blog that discusses topics such as LOIs, the Common Paper API, and contract standards. They have a comprehensive Help Center, system status page, detailed API documentation, and encourage users to join their mailing list for updates. These resources are designed to make the contracting process as smooth and efficient as possible.