The point: So new entrepreneurs don’t waste time and money negotiating often unnecessarily complex legal papers.

Series Seed Documents was planning its announcement tonight, after briefing reporters. But BoomTown was alerted to the move by a tweet last week from Fenwick & West lawyer Wang that read: “Excited about launching Series Seed documents next week.”

Oops!

The Twitter post has since been taken down (but here is an image of it, below, natch!).

“Who even knew that a corporate attorney would have a Twitter account?” joked Marc Andreessen of Andreessen Horowitz in an interview this morning.

Actually, Wang (pictured here) is Twitter’s lawyer!

His practice, which focuses on representation of “emerging companies,” as noted on his Fenwick & West Web site, also includes Aardvark, Billshrink, Clicker, Facebook, Flixster and Widgetbox.

Andreessen Horowitz, which was the first to agree to use Series Seed Documents, will be joined by a spate of high-profile angel and early-stage investors.

The group includes SV Angel’s Ron Conway, First Round Capital, “micro-cap” investor Mike Maples, SoftTechVC’s Jeff Clavier, True Ventures, Polaris Ventures, Charles River Ventures and Harrison Metal.

“We want to make the process as transparent as possible, which is to say, we want to take all the mystery out it,” said Andreessen. “And it is online for everyone to understand.”

Of course, noted Andreessen, the price for the round is still open to negotiation, but wrangling over typically standard legal issues often hurts deals.

“The big reason we are doing it is that we think for these early stage round, bashing over these terms does damage only brings mistrust,” he said.

Andreessen noted that this template approach is only appropriate for small, early rounds of about $500,000 to $1 million.

“VCs who do angel rounds should be acting like a VC in a VC round and acting like an angel in an angel round,” he said. “The problems come when VCs act like VCs in angel rounds.”

Andreessen said using Series Seed Documents would cost start-ups about $7,000 compared with a low of $15,000 and up to $100,000 in many similar deals.

“It helps streamline the process and makes starting a company easier and more efficient,” said Conway of SV Angel, who is a well-known angel investor. “And cheaper–all in all, it is a benefit to both the entrepreneur and the investor.”

Or Xoopit, the social email firm, which Yahoo (YHOO) bought last summer for $20 million.

Or Mixer Labs, creator of GeoAPI, which Twitter picked up in December.

And then, there’s last week’s purchase of social search phenom Aardvark by Google (GOOG) for a reported $50 million.

What a lot of people might not know is the prescient but very low-profile angel investor all these companies have in common: Michael Dearing (pictured here).

The former top exec at eBay (EBAY), who has worked at Bain & Company as well as Disney (DIS), is now a Stanford University professor.

But more to the point, Dearing has quietly become very successful at picking innovative winners from a wide range of mostly consumer Internet start-ups, mostly in Silicon Valley.

Along with his recent series of hits, other investments include Widgetbox, CafePress, DocVerse, FanSnap, Lumos Labs, Polyvore, Doostang, BloomSpot and MocoSpace.

He invests in all these start-ups via an investment vehicle called Harrison Metal, which he runs with another former eBay exec, Erik Rannala.

Harrison Metal is named after John Harrison, the inventor of the marine chronometer, which allowed for accurate measuring of longitude. According to its Web site, it “invests in early stage, technology driven businesses led by exceptional entrepreneurs.”

While I had a delightful lunch with Dearing recently, at which he nicely managed to convince me not to give him the BoomTown video treatment, he also politely declined to be interviewed for this piece.

Thankfully, his investees did not decline, and quickly sent large bouquets of gratitude when I asked for comments about Dearing:

Aaardvark co-founder Max Ventilla:

“Michael was among the very first angel investors to get behind Aardvark and stayed critically involved until the end, providing whatever the Company needed. Dearing is an 11 out of 10.”

AdMob founder and CEO Omar Hamoui:

“MD is a great strategist and provided us with very thoughtful advice during some of the formative days of the company. It’s exciting to see him step more fully into the role of early investor/advisor with Harrison Metal.”

And, finally, Xoopit co-founder and CEO Bijan Marashi:

“Michael Dearing has the very rare skill of being able to quickly spot and render the core elements of strategy surrounding a project–the things that matter and those that don’t. In a matter of a few brush strokes, I’ve seen him help teams focus and evolve their activities into actions that generate tremendous value. Moreover, he’s a deep listener and an inspiring mentor. At Xoopit, he got behind the team and helped us stay on-point to our mission, which can sometimes be tricky for an ambitious startup in a big space.”

So, while he might not like the attention, Dearing is likely to be getting more if this record keeps up.

Rob Go wrote a sharp piece on Harrison and what he calls “Micro VC’s,” before the Aardvark deal–which I had not seen until someone on Twitter pointed it out to be, but which you can read here.

A longtime tech exec, Kertzman is one of the funniest players in the tech sector, and was once the font for all the best jokes about Microsoft, back in the day when no one made jokes about Microsoft for fear of digital defenestration.

Today, Kertzman is actually much more serious, focused on the business-to-business part of the Web 2.0 world, rather than the more popular consumer-facing areas into which most VCs have been pumping oodles of money.

While Kertzman was early into the widget trend–in fact, he was the first to say the word to me at a Demo conference where he was showing off the Widgetbox, the widget directory startup, a moment for which I shall never forgive him–his new focus is on companies like SlideRocket, the online presentation application, and other Web-based productivity products like it.

Yes, I swear, SaaS–Software as Service–can be interesting! Really!

We also liven things up with some chatting about too-high valuations and thoughts on the Microsoft-Yahoo takeover battle, as well as the recession.

Here’s the video of Kertzman: