Vela Wood was built by entrepreneurs, and we represent founders the way we would want to be represented. Building a company takes far more than turning an idea into revenue. It takes preparation, planning, sacrifice, and the willingness to rethink your strategy when the market shifts. We have helped launch more than 2,000 companies, and guided many of them from initial formation through their growth rounds – relationships that, in a number of cases, now span the better part of a decade.

We represent companies across the full venture lifecycle: entity formation, founders’ arrangements, equity incentive plans, SAFE and convertible note rounds, and priced equity financings from pre-seed through Series D.

Every one of our legal staff is Carta Certified and trained specifically to manage the routine corporate work startups run on: cap table maintenance, preparing consents, and facilitating signatures. Your equity gets managed more precisely and faster, at a fraction of the traditional cost, while your attorneys stay focused on the matters that actually require them.

No stage of a company gets more of our attention than this one. It is where we do our highest volume of work, which means the issues you are hitting for the first time are issues we have addressed hundreds of times.

We also stay close to where the market is moving. VW Partner Kevin Vela publishes a popular Substack on startups and venture, tracking the deal terms and financing trends founders are navigating in real time. We publish an annual Venture Deals Report analyzing our own transaction data to surface trends in early-stage Texas financings, and we track broader regional activity through VW Signals, our ongoing look at venture data from the middle of the country, a market too often left out of the national conversation. You can explore all of these resources, and more, below.

Select Transactions
  • Helped launch more than 2,000 companies
  • Facilitated more than $2.6B in venture transaction value, across financings ranging from $250k pre-seed rounds through Series D
  • In 2025, facilitated 78 venture financings, ranging from pre-seed SAFE rounds through Series D equity financings, totaling $526M
  • In 2025, facilitated over $500M in exits

VW Resources
Resources
Venture Deals Reports

To provide analysis on early-stage venture financing in Texas, we have reviewed our venture transactions on a year-by-year basis.

EXPLORE REPORTS

Resources
Substack

VW Partner Kevin Vela publishes a popular Substack on startups and venture, tracking the deal terms and financing trends founders are navigating in real time.

Substack

Resources
VW Signals

Most published venture data often reflect only a portion of the market. These datasets are skewed toward the coasts, where reporting is more consistent and venture capital is more concentrated. That means early-stage trends from the middle of the country often go underreported or unnoticed. VW Signals is Vela Wood’s answer to that gap.

VW Signals

Resources
Pro Forma Model

VW is happy to offer our Pro Forma Model for companies raising capital to provide to investors. The model allows you to see the effects of dilution after a Safe and equity round, or a Safe and two equity rounds.

Make sure to read through the instructions tab first. Then to use the model, create a copy of the sheet and input your information into the blue cells.

USE MODEL

Resources
Early-Stage Fund Contact List

This list includes early-stage venture funds as well as VCs focused on construction and tech, CPGs, gaming, and minorities.

If something needs to be updated, or you are a fund that wants to be added, please email us at fundupdate@velawood.com.

EXPLORE LIST

Resources
Equity Incentive Plan & Incentive Unit Plan FAQs

Equity Incentive Plans (EIP), used in corporations, and Incentive Unit Plans (IUP), used in LLCs, are plans that allocate shares or membership units, respectively, for issuance to service providers as equity compensation. If you’re considering setting up an EIP or IUP for your company, check out the FAQs below!

VIEW EIP FAQS

VIEW IUP FAQS


Resources
Venture Glossary

Welcome to Venture Glossary™, where we arm you with the venture startup terminology tools you need.

Visit the Glossary

Resources
Select Offering Exemptions Chart

Here is a guide identifying some of the requirements, limitations, and advantages of a few federal exemptions available to small businesses raising capital.

See More

Resources
Early Stage Lifecycle

Wondering if your startup is where it should be? This infographic will walk you through the five stages a startup goes through and give you an idea of where you should be when it comes to your startup’s product, funding, marketing, revenues, legal work, and more.

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Podcasts
Podcast Channel
Office Hours

Office Hours is our podcast covering general issues related to small businesses and startups.

View Channel
Podcast Channel
Preparing for Funding

Preparing For Funding is a series of Office Hours episodes about getting your company’s legal house in order before taking on funding.

View Channel
Podcast Channel
Venture Deals Review

Venture Deals Review is a series of Office Hours episodes discussing the seminal book in the venture world, Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist.

View Channel
Podcast Channel
Three Things
In Three Things, we ask leaders in the startup and small business community three questions related to their experience with entrepreneurship.
View Channel
Podcast Channel
Silicon Valley Review

In Silicon Valley Review, we review each episode of HBO’s Silicon Valley and discuss how it applies to real startups.

View Channel
Recent Related Blog Posts
Corporate Governance
Delaware Series LLCs: A Scalable Structure for SPV Investing

Fund managers running multiple deal-by-deal SPVs don’t need to form a new LLC and draft fresh documents for every raise. Delaware’s series LLC statute lets you build a single “master” platform once and spin up a new liability-shielded “series” for each deal, cutting formation costs and legal overhead as you scale. This post walks through the three-layer structure, the registered-vs-protected series decision, the document suite, and the regulatory considerations that come with it.


Funding & Capital Raising
Delaware Flip for Foreign Startups: Corporate & Tax Considerations

Foreign startups seeking U.S. venture capital are often asked to reorganize as a Delaware corporation prior to funding. Accomplishing a successful “flip” requires attention to both the corporate structure and the tax treatment of the exchange. This blog breaks down the mechanics, from a simple founder-only flip to the four-step process for a multi-entity holding company.


Funding & Capital Raising
409A vs. Venture Capital Valuations

Startups value their common and preferred stock differently: common through an independent 409A appraisal, and preferred through the price investors negotiate. Because the two price different securities, a company’s 409A typically comes in well below its venture valuation — which is an expected gap within the capital structure.


How We’ve Helped Our Clients
NoiseAware Inc.

NoiseAware offers state of the art noise monitoring solutions for the short-term rental industry. NoiseAware has evolved over the past several years into a global leader in hardware and software solutions for individual and professional property managers alike. Vela Wood […]

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SignEasy

SignEasy is a global leader in the electronic signature space and is trusted by over 35,000 companies worldwide and processes millions of signatures each year. SignEasy has been a Vela Wood client for over 10 years, and during that time […]

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Build With Robots

Build With Robots is a New Mexico-based tech company that designs and builds robotics to perform dangerous, repetitive tasks. Build With Robots’ technology is not designed to replace people’s jobs – their goals are to make workers lives easier and […]

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Apptopia

Boston based Apptopia is a data intelligence platform that enables brands to analyze critical competitive signals and gain insights across mobile apps and connected devices. Apptopia customers include some of the best known brands in the world, including Zoom, Target, […]

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Telos Health Solution

Telos provides technology solutions that deliver real-time patient measure updates and intuitive care coordination workflows that enhance community care providers’ ability to make timely value-based care decisions.  Telos came to VW after a year of operations and VW helped Telos […]

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External Resources
Podcasts
Texas Angel Networks
Tools
Other Resources
Lead Attorneys

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Kevin Vela Partner

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Radney Wood Partner

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Denise Rizo-Patron Senior Attorney

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