Kevin Vela

Partner

Kevin Vela is a founding partner at Vela Wood. He focuses his practice in the areas of M&A, venture financing, and fund formation. In recent years, he has represented both startups and investors in over $125M in venture financing. Kevin was named a 2014, 2015, 2016, 2017, and 2018 Super Lawyer Rising Star, was honored by D Magazine as a Best Lawyer in Dallas in 2016, and is a Texas Bar Foundation Fellow, an honor granted to 1/3 of 1% of Texas attorneys. Kevin speaks, reads, and writes fluent Spanish, and is able to provide bilingual representation on request.

Email Kevin Vela

The mode by which the inevitable comes to pass is effort.

– Justice Holmes

Kevin is a graduate of the University of Texas, where he earned his bachelor degree in business administration and juris doctorate degree with honors. He was admitted to the Texas Bar in 2008.

Prior to law school, Kevin spent seven years in Dallas, working in finance and marketing. Although he began his career working for Fortune 500 companies, an entrepreneurial spirit led Kevin to pursue roles in several startup companies. Later, he started his own business, a test preparation company. Having scored in the top five percent on the GMAT, LSAT, and GRE, Kevin used his test taking expertise to help thousands of students increase their scores and gain admission to graduate school.

Kevin is active in the business and startup communities. He is the Chair of the Texas State Bar Committee for Law Focused Education. He is also a board member of the Fantasy Sports Trade Association and Digital Dallas, and is the Chairman of the Board of the Greenville Avenue Area Business Association (which puts on the annual St. Patrick’s Day Parade in Dallas).

He is a mentor for both REVTECH, a leading venture accelerator and seed fund, and the Dallas Entrepreneur Center, which provides support and education to entrepreneurs and early-stage startups.

Kevin is a founding member of The Dallas Angel Network (the “DAN”), a non-profit organization dedicated to connecting entrepreneurs with angel investors in Dallas. Further, Kevin co-manages a Dallas-based venture capital fund, Blossom Street Ventures, which is currently on its fifth fund.

Raised in Arlington, Kevin is an avid Dallas sports fan. Although he used to enjoy spending time at the local sporting arenas around town with his wife, Layla, they now spend most of their time pandering to their two children, Ariana and Arman.

SELECT TRANSACTIONS

  • General Counsel for a Dallas-based $10M venture fund
  • General Counsel for a Dallas-based $30M venture fund
  • General Counsel for REVTECH, a Dallas-based accelerator
  • Represented defi SOLUTIONS in a $55M equity investment
  • Represented a Dallas-based media company in a $15M acquisition
  • Represented a Dallas-based health analytics company in a $6M exit
  • Represented a Nashville-based consumer products company in a $3M exit to a publicly traded company
  • Represented a Dallas-based senior home care company in a $13M exit
  • Represented an Australia-based public company in a $1.8M private investment
  • Represented a Dallas-based software company in a $12M exit
  • Represented a Dallas-based SaaS company in over $6M in venture financing



Kevin Vela's Recent Blog Posts

Grant Your Equity Wisely

June 8, 2018  |  By Kevin Vela

Which conversation would you rather have? “So…that 10% equity we gave you last year – yeah, I’m gonna need half of that back,” or “Thanks so much for everything you’ve been doing for the company; here’s another 3% equity!” As … Read More

Posted in If I Were Starting A Business

The Three Levels of Control Within an Organization

May 29, 2018  |  By Kevin Vela

A common misconception in any startup is thinking ownership percentage equates directly with control. While it’s true that the majority equity holder(s) usually controls the business, this isn’t necessarily always the case. Let’s break it down. Day-to-Day Operations Day-to-day operations … Read More

Posted in If I Were Starting A Business

The Repeal of PASPA

May 17, 2018  |  By Kevin Vela

On Monday the Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992 (“PASPA”), the federal ban on sports betting. In a 6-3 ruling, SCOTUS held that PASPA unconstitutionally commandeers state legislatures by dictating what they “may … Read More

Posted in Fantasy Sports, Gambling