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 a diverse set of 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, 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 the immigration non-profit American Gateways, helped his Rugby Club, The Austin Huns, obtain 501(c)(3) status, and routinely given of his time and money to Team Austin, a non-profit providing programming scholarships to at-risk youth. He also takes pro bono cases through VLS and participates in Austin Young Lawyer volunteer events. In addition to his law practice, Radney is the co-founder of the travel-club, GlobeKick, which curates international travel experiences.

While being a native New Yorker, Radney has adopted many of the most important qualities of a Texan: he says “y’all” (occasionally) and proselytizes brisket as the ultimate barbecue food (often).

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