Learning From “No”
Hearing ‘no’ from an investor doesn’t end the conversation; it pivots the conversation. If you’ve ever embarked on a round of funding, even a simple friends and family round, chances are you’ve heard some form of “no” more than you’d like.
Dmitry Makarov, Russian Professional Exchange In Vela Wood Austin
Learn more about our 2018 Russian Business Leaders (RBL) Fellow Dmitry Makarov, an attorney and entrepreneur from Saint-Petersburg, Russia and his research on the differences and similarities in legal procedures of starting and running businesses in the Russian Federation and the United States.
Selected Offering Exemptions
To help you understand all of the available private offering exemptions, we’ve compiled details on the old Reg D avenues, and the new crowdfunding ones, into a single page and have created a handy chart for your review.
Term Sheets 101: Convertible Debt v. Equity
If you’re a startup looking to raise capital, here is some of the basic language you need to know. Kevin stopped by Collide Village, an accelerator based in McKinney, Texas, to talk to its current startup class about term sheets, […]
Liquidation Preferences & Convertible Notes
It’s no secret that entrepreneur-turned-VC, Mark Suster, generally isn’t a fan of convertible notes. Here at Vela Wood, we’re fairly pro convertible notes when used responsibly in certain situations. Despite Suster’s dislike of convertible notes, he still looks out for […]
Client Spotlight: Q&A with Matt Alexander of Edition Collective
Matt Alexander, founder of Need and Foremost, has been all the rage lately as he was recently featured in D Magazine as an emerging “titan of industry.” Matt talks with VW during our Q&A session to offer some of […]
Contemporaneous Crowdfunding
A client who recently launched an intrastate, equity-based*, crowdfunding campaign in Texas called me a few weeks ago with an interesting question: “Can we do an accredited investor, interstate, equity-based crowdfunding campaign at the same time?” After some research, I called […]
The Company Agreement Explained: Confidential Information & Non-Competes
Most entrepreneurs and small business owners are familiar with confidentiality and non-compete agreements because, well, they want others to gain interest in their product or service, but they don’t want the recipient of the disclosed information to turn around and […]
The Company Agreement Explained: Involuntary Transfers v. Voluntary Transfers
We often get asked by clients about what happens when members of LLCs die, get divorced, want to sell their interest to another member or third party, etc. All of these transfers fall into two categories: involuntary transfers and voluntary […]
Tips For Your Website’s Terms Of Service
There are two documents that every business with an online presence must have: (1) Terms of Service, and (2) Privacy Policy. As discussed in a previous blog, Privacy Policies are crucial for every website since there are numerous state and federal […]