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In the YouTube video tutorial, So Young, the head of legal at Jungle Ventures, discusses investment documents for VC or other big investors in founder-led companies. She explains that once a term sheet is agreed upon, the next step is to review and sign long-form definitive documents, such as SSAs and SHAs. These documents outline how the investment will be made and how the company will operate in the future. The investment documents typically include a subscription agreement that governs how investors contribute money in exchange for shares. This document is functional for a short period of time when the investment is made.