A primer on convertible notes, convertible securities, and equity
Hippoland
JANUARY 4, 2017
Lawyers can charge as much as $10k-$30k (in the US) to draft and execute the legal docs for an equity round, and traditionally, founders are responsible for paying for this as well as investors’ legal costs! Expenses were a lot higher just to get a company off the ground, so even the first round of financing was large.
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