Radney Wood

Partner

Radney Wood is a named partner at Vela Wood, where he divides his practice between commercial litigation and general corporate matters, concentrating on partnership disputes, corporate governance, venture financing, and contract negotiations. Radney was named a 2018 Super Lawyers Rising Star. He represents dozens of companies ranging from early-stage startups to mid-size businesses, acting as general counsel and providing them with guidance on myriad business transactions, which range from legal matters to general operational issues.

Passion is what makes life interesting, what ignites our soul, fuels our love and carries our friendships, stimulates our intellect, and pushes our limits.

– Pat Tillman

Radney received his B.A. in political science from Union College in Schenectady, New York in 2002, where he was a four-year starter on the varsity football team. He graduated from The University of Texas School of Law, where he was Order of the Coif and a Rappaport Human Rights Scholar.

Before joining Vela Wood in 2015, Radney worked in the commercial litigation department of Baker Botts for four years where he represented clients at trial and on appeal in both federal and state court on issues ranging from copyright infringement, breach of contract, and professional malpractice to trade secret misappropriation and property disputes.

Radney is more than an Austin business lawyer; he is an active member of the Austin community, who has served on the board of directors of and volunteers for the immigration non-profit American Gateways and helped his Rugby Club, The Austin Huns, obtain 501(c)(3) status, and currently serves as the Vice Chair of the Huns board of directors. He also routinely gives of his time and money to Friends of the Children, a non-profit dedicated to improving the lives of the most at-risk youth in Austin and serves on their Executive Advisory Board. Radney actively supports non-profits dedicated to teaching entrepreneurship to children from under-represented groups through such organizations as Student Inc. and Notley Ventures and provides legal and monetary support to DivInc, a non-profit accelerator that bridges the gap between underrepresented entrepreneurs and the resources they need to build profitable, high-growth companies. His legal philanthropy involves taking on multiple pro bono cases throughout the year and acting as general counsel to the environmental non-profit Project Survival Media in its effort to address and combat climate change. Radney is also a supporter of the Austin arts, including organizations such as Fusebox Festival and HOPE Outdoor Gallery.

In addition to his law practice, Radney is the co-founder of the travel-club, GlobeKick, which curates international travel experiences, and is an avid traveler himself, having visited 63 countries and counting. As part of his travel, Radney has visited Brazil and Russia through State Department funded programs to discuss entrepreneurship and start-up ecosystems and learn from his gracious hosts in each country.

SELECT TRANSACTIONS

  • General Counsel for Austin-based Solar Company
  • General Counsel for Austin-based SaaS startup
  • Represented Austin-based bar in a $1.6M capital raise
  • Represented Austin hospitality group in a $2M capital raise in order to enter Dallas market
  • Represented Austin-based bar in a $5M capital raise for the opening of its second location
  • Represented Dallas-based technology startup in a $1M Series Seed financing round
  • Represented Dallas-based VR startup in a $1M Series Seed financing with foreign strategic investor
  • Represented Austin-based company in the purchase of a $1M medical services business
  • Represented Austin-based athletic training company in its sale of retail operations
  • Represented New York-based investment group in $1.8M Series A investment into a SaaS startup
  • Represented “Eatertainment” technology startup in $2M convertible note financing round
  • Represented Dallas-based investment group in $2M investment into California-based wine company
  • Represented Austin-based dental services company in $2M acquisition
  • Represented Austin-based SaaS company in $2M stock sale
  • Represented a Dallas-based party with a multi-million-dollar shareholder buyout
  • Assisted with the representation of a Dallas-based media company in a $15M acquisition
  • Successfully defended e-commerce startup in $500,000 trade secrets dispute
  • Successfully defended foreign manufacturer in a $1M breach of contract dispute
  • Successfully defended Dallas-based manufacturer in $1M trademark dispute



Rad Wood's Recent Blog Posts

Business Judgment Rule: Having Poor Business Judgment Isn’t A Tort

November 22, 2016  |  By Rad Wood

The rationale behind the rule is to shield those individuals that owe fiduciary duties to a Company (directors, officers, executives) from fear of a lawsuit each time they make a decision that in hindsight might end up being bad for the company. Read More

Posted in General Business

B-Corps v. Public Benefit Corporations

February 16, 2016  |  By Rad Wood

One of the many inside jokes at Vela Wood is that Kevin is a Capitalist, while I’m a Socialist (bleeding heart and all). Kevin usually busts out some form of this joke at company gatherings when I’m showing pictures of my … Read More

Posted in Entity Type

The 50-50 Equity Split(Up)

December 2, 2015  |  By Rad Wood

My parents are starting a business together. See, my mom runs an organic, all natural beauty salon in Upstate New York. Part of the business that she has developed over the years is using henna as an eco-friendly alternative to … Read More

Posted in Corporate Governance