brian is live on unlonely pfp
brian is live on unlonely
@briang
anyone have any connections to good legal firms for small startups? ideally not too expensive as we just need basic DD for round close
7 replies
0 recast
0 reaction

nulladdr.eth pfp
nulladdr.eth
@void
are you doing series a? usually lawyers are provided by the vc in the earlier rounds
1 reply
0 recast
0 reaction

brian is live on unlonely pfp
brian is live on unlonely
@briang
is this true? @shayonsengupta
2 replies
0 recast
0 reaction

Ben  - [C/x] pfp
Ben - [C/x]
@benersing
Investors usually draft the term sheet, etc. Whether or not costs get reimbursed by startup post funding is a point of negotiation.
1 reply
0 recast
0 reaction

nulladdr.eth pfp
nulladdr.eth
@void
pre-seed/seed is a standard safe no? whole point of pre-series a is to avoid legal
1 reply
0 recast
0 reaction

Ben  - [C/x] pfp
Ben - [C/x]
@benersing
Missed the fact its pre-seed. Yes, it can be. Depends on who the investors are. Sometimes they'll push for more bespoke terms. In that case, they'll write their own SAFE or side letter.
0 reply
0 recast
0 reaction