Bizee’s Post

[NZ] Whether you’re raising your seed round or you’re negotiating your Series A, Kindrik Partners has got your legal basics covered. Take a look around our guides and free legal templates. https://lnkd.in/guedv_X

Navigating the challenging landscape of securing investments and raising capital for your startup in 2024? The journey can be intricate, but our experienced team at Primum Law Group is here to provide more than just legal counsel—we offer peace of mind and strategic insights. Schedule a consultation with us to explore tailored solutions and let our team guide you towards the optimal funding options for your startup's growth. https://lnkd.in/gghySmjB Elevate your fundraising game with Primum Law Group by your side. 🚀💡 #StartupFunding #InvestmentStrategy #PrimumLawGroup #StrategicConsultation #CapitalRaising #FundingJourney #InvestmentQuest #StartupFunding #VentureCapital #SeedRoundSuccess #RaisingCapital #FundraisingGoals #InvestmentOpportunity #CapitalCampaign #PitchingIdeas #FundingStrategies

Big law firms charge over $50k for seed/Series A financings. I’m an ex-big law startup lawyer building Lawlace for founders who don’t want to go broke because of legal bills. And here are the 7 most important terms to pay attention to on your term sheet: Part II 5. Founder Vesting: Double-trigger acceleration of vesting is the market standard for founders. This means if a founder is fired when the company is sold, they still keep their shares. Investors might ask for up to 2/3 of the founder's shares to "vest" again (aka founder revesting). 6. Antidilution Protection: This helps investors if the company's value drops. "Broad-based" protection is market standard, and watch out for "full ratchet" terms. 7. Exclusivity: A 30 to 45-day exclusivity period is typical, ensuring you're not negotiating with other investors simultaneously. #startuplawyer #pricedround #corporatelawyer #fundraising

📣 Get Ready to Raise Capital Legally! I'm super pumped for Today's HERO Capital Raising Party! 🥳 Join SEC Attorney Paul Vincent and I LIVE on Zoom at 2 PM Central to get all your burning questions answered on How to Raise Capital Legally. Don't miss out on this exclusive opportunity to gain expert insights. 👉 RSVP now at capitalraisingparty.com See you there! #HEROCapitalRaising #TimMai #HERO #SECAttorneyPaulVincent #ExclusiveEvent #Networking #InvestmentTips #LegalAdvice #LiveEvent #Networking

These fee totals are hard to wrap your head around. Was one of the reasons I moved my startup practice to a more value-oriented firm that could deliver this work for less. Anything that can make the process more efficient is always welcome. That said, in my experience, a lot of the fee-driving "action" in venture financings is not related to the deal documents. The NVCA model term sheet drives pre-drafting agreement on most key business terms and while every law firm has their NVCA pet peeves, the changes do not tend to be major. In a down market, deal structure tends to vary more, so there is some uptick in legal expense to introduce "non-standard language" to address the new structures. The big cost drivers tend to be due diligence and the assembly of disclosure schedules - both of which tend to become more involved as the venture grows and conducts business over a longer period of time. Also, in the early stages, assembling disclosure schedules also tends to surface issues that arose during a venture's DIY legal phase. There is a lot of "clean-up" unrelated to the financing that has to take place so that the company can meet its reps and warranties. #venturecapital #startups

Building on my post from yesterday about legal fees in venture - let’s take a look at some data from our platform. If you’re a founder, you’ll be paying both your legal fees for a priced round, as well as reimbursing your lead investor for their legal fees (this is standard practice). You can find this information both in the term sheet (Counsel and Expenses) and in the Stock Purchase Agreement. This provision is known as the lead investor reimbursement fee cap (i.e. the reimbursement will not exceed, in aggregate, $X). You can see the split between founder fees + reimbursement caps below. Here’s the median total legal bill by financing that we’re seeing on our platform, as a percentage of median new money raised (median new money by stage pulled from Peter Walker's work at Carta). - Priced Seed: $65,000 / $3,200,000 (2%) - Series A: $85,000 / $9,700,000 (0.87%) - Series B: $110,000 / $17,100,000 (0.64%) - Series C: $140,000 / $26,000,000 (0.54%) - Series D: $175,000 / $35,600,000 (0.5%) Note: This data is only from NVCA-style priced rounds. 25th / 75th %ile data vary wildly based on complexity of the company / financing.

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Are you struggling with ensuring the smooth running of your startup's internal structure? . . . If yes, perhaps you are one of those founders who face some challenges when it comes to managing relationships among themselves and their co-founders. Over the past two weeks, I've shared content here on how to maintain these relationships to promote your company's interests against risk. I will admonish every founder to check out my provided resources here, which will help you, including my two latest newsletters. Beyond this, another major hurdle is raising funds and identifying valuable IP (intellectual property) assets for business expansion. I have met with founders who don't know the profitability and potential of their IPs. In my next post, I am considering diving into this and seeing how it can boost your business. Keep an eye out for it and subscribe to my newsletter for a deeper understanding. Remember, I'm here to help you unlock your business's full potential and offer it all the necessary legal security it needs. Get ready! Business Lawyer|IP Enthusiast|Business Advisor, Abidemi PEACE #StartupSuccess #FounderTips #BusinessGrowth #IPStrategy #CoFounderRelationships #RaiseFunds #InnovateAndGrow #BusinessAdvice #EntrepreneurJourney #BusinessStrategy

🚀 Unlock Success: Dive into Equity Grants! 🌟 Ready for shared success? Discover equity grants lingo: Vesting Schedule: Your roadmap🗺️ Equity Percentage: Your piece 🥧 Acceleration Clause: Rewarding dedication 🏆 Legal Counsel: Safeguard success ⚖️ Watch out for: Vesting Period: Align with growth 📈 Rights/Restrictions: Clarity is key 🔑 Acceleration Triggers: Anticipate the unexpected ⚡ Let's pave the path to success together! 🌟 Learn more ➡️ https://lnkd.in/gr7MmSDu #EquityGrants #StartupJourney

🚀 Fundraising Essentials for Startups! Thinking of raising funds for your startup? Here are 5 legal considerations to launch your fundraising journey successfully: ✅Fundraising Structure: Choose wisely - equity, convertible notes, or SAFEs? Your decision impacts ownership and future dilution. ✅Regulatory Compliance: Navigate the legal landscape! Ensure compliance with securities laws in your jurisdiction. ✅Investor Agreements: Craft clear terms! Define valuation, voting rights, liquidation preferences, and more in investor agreements. ✅Due Diligence: Dig deep! Thoroughly vet potential investors, align expectations, and be transparent about your startup's financials. ✅Legal Counsel: Seek guidance! An experienced attorney can help navigate legal complexities and protect your interests. Ready to dive deeper? 🚀 🔗 Curious for more insights? Register for our FREE Legal Course! #LegalEducation #StartupJourney #StartupLegal #FundraisingTips #Entrepreneurship