Preparing for Funding Ep7: Seed Round
In this episode, we discuss what constitutes a seed round in Dallas and contrast the three potential structures of a seed round – equity, convertible note, and a SAFE.
Preparing for Funding Ep6: Accelerators / Incubators
In this episode, we discuss why we’re not big fans of accelerators, the types of accelerators we do think provide value and are worth participating in, and the clauses to watch out for in an accelerator’s program participation agreement.
Preparing for Funding Ep5: Initial Sophisticated Investors
In this episode, we discuss qualifications for accredited investors, how to find angel investors, how angel syndicates work, which metrics you need to know for a pitch meeting, and how to respond to getting a “no.”
Preparing for Funding Ep4: Pitch Decks
In this episode, we discuss what makes a great pitch deck, the best uses of an appendix, how to get warm introductions to investors, and restrictions on general solicitations.
Preparing for Funding Ep3: Friends & Family Funding
In this episode, we discuss how to mitigate the risks of Friends & Family funding, which include disproportionate valuations, violating SEC and state securities laws, and messy cap tables.
Preparing for Funding Ep2: Founders Agreements
In this episode, we discuss the difference between vesting and reverse vesting, confidentiality agreements and assignment of intellectual property, restricted stock and 83(b) elections, ROFR, and Class F founders stock.
Preparing for Funding Ep1: Incorporation
In this episode, we discuss why your company’s legal matters, lifestyle businesses v. venture-backed businesses, whether you should form your entity as a corporation or LLC, implications of the new tax code, and the filing requirements for entity formation.
Venture Deals Review Overview
Venture Deals Review is a series of Office Hours episodes discussing the book Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist by Brad Feld and Jason Mendelson.
VDR Ch. 16: Legal Things Every Entrepreneur Should Know
In this episode, we discuss wage claims, entity types, accredited v. non-accredited investors, 83(b) elections, and 409A valuations.
VDR Ch. 15: Why Do Term Sheets Even Exist?
In this episode, we discuss what the term sheet negotiation process establishes, as well as transaction costs and reputation constraints.