Preparing for Funding Ep3: Friends & Family Funding
By Vela Wood
Office Hours is our podcast covering general issues related to small businesses and startups. Preparing For Funding is a series of Office Hours episodes about getting your company’s legal house in order before taking on funding.
In this episode, we discuss how to mitigate the risks of Friends & Family funding, which include disproportionate valuations, violating SEC and state securities laws, and messy cap tables.
- Hiring A Developer? Get It In Writing And Signed First.
- Securities Straight Talk Vol. 1: Securities Laws Matter To Startups (Yes, Yours Too)
- VDR Ch. 8: Convertible Debt (and SAFEs)
- Keep Your Investors Updated
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