In my last post, I enthusiastically recommended Tim O’Reilly’s piece in Quartz, critiquing the prevailing winner-take-all ethos of Silicon Valley investing. In this post, I want to recommend a piece animated by a similar spirit: an interview with Bryce Roberts, founder of Indie.vc (and one of O’Reilly’s partners in the O’Reilly AlphaTech Ventures fund) on […]
UPDATE 1/9/19: The program is reauthorized for 2019, with a total of $10 million in credits set aside by the state. We’ve written in a past edition of our goodnews newsletter about an Illinois program to encourage investment in innovative early-stage companies, the Illinois Angel Tax Credit Program. Illinois has recently made an important change, which could […]
For early-stage startups looking to raise a pre-seed financing round (usually from either friends and family, angel investors or Micro VCs), the Simple Agreement for Future Equity, or SAFE, has become a mainstream, company-friendly mechanism to complete the financing. (See goodcounsel’s original post about SAFEs, here.)
There seems to be a lot of discussion among VC’s and lawyers on the coasts about the proper legal vehicle for seed-stage deals (e.g., here, here and here) and ways to streamline the legal documents (and thereby to minimize the legal fees) . As the founder of a legal practice devoted to serving startups at […]