Office Hours is our podcast covering general issues related to small businesses and startups. Preparing For Funding is a series of Office Hours episodes hosted by VW Partners Kevin Vela and Rad Wood about getting your company’s legal house in order before taking on funding. We are recutting this series to reflect updates in law and venture trends in the last 5 years to better help you navigate through preparing for funding. In the final episode of this series, we discuss seed rounds, including t...
Sep 06, 2023•30 min
Office Hours is our podcast covering general issues related to small businesses and startups. This episode of Office Hours features Anthony Cimino, Head of Policy & Regulatory Affairs at Carta, an online equity management platform. We discuss the status of several key public policy issues – including the Qualified Small Business Stock (QSBS) tax exclusion, the shifting definition of Accredited Investor, the Corporate Transparency Act, and electronic signatures and filings for 83(b) elections...
Sep 06, 2023•40 min
Office Hours is our podcast covering general issues related to small businesses and startups. Preparing For Funding is a series of Office Hours episodes hosted by VW Partners Kevin Vela and Rad Wood about getting your company’s legal house in order before taking on funding. We are recutting this series to reflect updates in law and venture trends in the last 5 years to better help you navigate through preparing for funding. In this episode, we break down the differences between accelerators and ...
Aug 01, 2023•22 min
Office Hours is our podcast covering general issues related to small businesses and startups. Preparing For Funding is a series of Office Hours episodes hosted by VW Partners Kevin Vela and Rad Wood about getting your company’s legal house in order before taking on funding. We are recutting this series to reflect updates in law and venture trends in the last 5 years to better help you navigate through preparing for funding. In this episode, we discuss the difference between accredited, unaccredi...
Jun 29, 2023•22 min
Office Hours is our podcast covering general issues related to small businesses and startups. Preparing For Funding is a series of Office Hours episodes hosted by VW Partners Kevin Vela and Rad Wood about getting your company’s legal house in order before taking on funding. We are recutting this series to reflect updates in law and venture trends in the last 5 years to better help you navigate through preparing for funding. In this episode, we discuss pitch decks, including what their purpose is...
Jun 02, 2023•23 min
Office Hours is our podcast covering general issues related to small businesses and startups. Preparing For Funding is a series of Office Hours episodes hosted by VW Partners Kevin Vela and Rad Wood about getting your company’s legal house in order before taking on funding. We are recutting this series to reflect updates in law and venture trends in the last 5 years to better help you navigate through preparing for funding. In this episode, we discuss how to structure a Friends & Family Roun...
May 18, 2023•21 min
Office Hours is our podcast covering general issues related to small businesses and startups. Preparing For Funding is a series of Office Hours episodes hosted by VW Partners Kevin Vela and Rad Wood about getting your company’s legal house in order before taking on funding. We are recutting this series to reflect updates in law and venture trends in the last 5 years to better help you navigate through preparing for funding. In this episode, we discuss founders’ agreements, including Restricted S...
May 04, 2023•30 min
Office Hours is our podcast covering general issues related to small businesses and startups. Preparing For Funding is a series of Office Hours episodes hosted by VW Partners Kevin Vela and Rad Wood about getting your company’s legal house in order before taking on funding. We are recutting this series to reflect updates in law and venture trends in the last 5 years to better help you navigate through preparing for funding. In this episode, we discuss the basics of incorporation, including the d...
Apr 14, 2023•26 min
Kevin was interviewed by The Insider’s Guide to Finance podcast about properly navigating your company through the stages of financing. Check it out! Listen on Apple Podcasts ! You can see the original post here .
Jan 16, 2020•46 min
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. We have recut this series to reflect updates in law and venture trends in the last 5 years. Listen to Ep7 Recut here. In this episode, we discuss what constitutes a seed round in Dallas and contrast the three potential structures of a seed round – equity, convertible not...
Apr 02, 2018•24 min
In this episode, we discuss why we're not big fans of accelerators, the types of accelerators we do think provide value and are worth participating in, and the clauses to watch out for in an accelerator's program participation agreement.
Mar 20, 2018•15 min
In this episode, we discuss qualifications for accredited investors, how to find angel investors, how angel syndicates work, which metrics you need to know for a pitch meeting, and how to respond to getting a "no."
Mar 15, 2018•18 min
In this episode, we discuss what makes a great pitch deck, the best uses of an appendix, how to get warm introductions to investors, and restrictions on general solicitations.
Mar 08, 2018•21 min
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.
Mar 06, 2018•18 min
In this episode, we discuss the difference between vesting and reverse vesting, confidentiality agreements and assignment of intellectual property, restricted stock and 83(b) elections, ROFR, and Class F founders stock.
Feb 26, 2018•25 min
In this episode, we discuss why your company's legal matters, lifestyle businesses v. venture-backed businesses, whether you should form your entity as a corporation or LLC, implications of the new tax code, and the filing requirements for entity formation.
Feb 19, 2018•27 min
In this episode, we discuss wage claims, entity types, accredited v. non-accredited investors, 83(b) elections, and 409A valuations.
Nov 22, 2017•29 min
In this episode, we discuss what the term sheet negotiation process establishes, as well as transaction costs and reputation constraints.
Nov 10, 2017•18 min
In this episode, we discuss when to ask for a breakup fee, conditions precedent, and extended no-shop periods.
Nov 01, 2017•23 min
In this episode, we discuss the difference between an asset deal and stock deal, forms of consideration, earnouts, and representations & warranties.
Oct 27, 2017•23 min
In this episode, we discuss runaway valuations, party rounds, and board control.
Oct 16, 2017•22 min
In this episode, we discuss what your venture attorney's role is - and isn't - in raising money, expectations for your Friends and Family Round, and best practices when emailing potential investors.
Oct 12, 2017•22 min
In this episode, we discuss the role of your lawyer in a term sheet negotiation, when and how to walk away from a deal, and the best ways to prepare for a negotiation.
Oct 02, 2017•20 min
In this episode, we discuss typical management fees and carried interest structures, clawback provisions, the difference between capital calls and blind pools, and the difference between corporate VC arms and strategic investors.
Sep 28, 2017•32 min
In this episode, we discuss product, charity, and equity crowdfunding, company types that best fit crowdfunding, the importance of being familiar with securities regulations and exemptions, and the future of crowdfunding.
Sep 20, 2017•24 min
In this episode, we discuss the pros and cons of using convertible debt from both an investor and company perspective, the three different scenarios that will cause a conversion, and when you should and shouldn't use KISS or SAFE agreements.
Sep 11, 2017•33 min
In this episode, we discuss best uses of cap tables, online cap table management platforms, and how VCs and companies each approach calculating price per share.
Sep 05, 2017•22 min
In this episode, we discuss restriction on sales, assigning confidential information to the company, tag along rights, no-shop agreements, and indemnification clauses.
Aug 28, 2017•23 min
In this episode, we discuss the difference between compounding and non-compounding dividends, why VCs ask for redemption rights, when conditions precedent matter, what's included in information rights, and suggested thresholds for registration rights and ROFO.
Aug 21, 2017•28 min
In this episode, we discuss which activities a company's board of directors must approve, how long a company should keep control of its board, the difference between a board member and board observer, and negotiating a threshold for protective provisions.
Aug 07, 2017•35 min
