Startup Cents: Planning For Your First Year Of Legal Fees
This blog was originally published in July of 2015 but was revised in April of 2024 and is still accurate. We oftentimes get asked by startups, “How much will I spend in legal my first year?” Since we represent hundreds […]
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 […]
Title IV Of The JOBS Act Has Been Passed
Well, it only took 3 years, but the SEC has finally published a fact sheet on the final rules of Title IV of the JOBS Act, known as Regulation A+. In laymen’s terms, this means that everyone will be able […]
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 […]
Succession Planning: A Critical Part Of Management & A Business’s Ongoing Success
“How much do you weigh?” There are some questions so personal and invasive social mores dictate that they should never be asked. Well, almost never asked. A colleague remarking about any extra poundage I was carrying as a result of […]
Keep Your Early Rounds Small, Your Valuation Reasonable & Close Quickly
This blog was originally published in December of 2014 but was revised in July of 2024 and is still accurate. Dallas has emerged over the past decade as a thriving center for startups. The communication and shared knowledge in the […]
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 […]