YoungUpstarts
OCTOBER 28, 2015
They also need to decide whether to structure terms as an equity deal or a convertible security deal. “If you’re going to raise $1 million, my advice is to propose a convertible security, because you can get it done quickly and less expensively,” said Schmitz. ” The Cost of Financing.
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! And the legal costs were just a small drop in the bucket compared to these round sizes. Convertible securities are not loans.
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Austin Startup
NOVEMBER 6, 2017
Background Reading: When LLCs Make Sense for Startups Not Building a Unicorn If you have spent almost any time reading about the basics of startup legal issues, you know that Delaware C-corps are the default organizational structure for a “classic” tech startup (software, hardware) planning to raise angel/VC money and scale.
Austin Startup
MARCH 16, 2021
Any software, hardware, or CPG startup located in the greater Houston metropolitan area can apply to participate. If you win, you will receive a $50,000 investment from Capital Factory in the form of a convertible security ( see the application for more details ). million in funding. They’ve raised $7.2
Austin Startup
JANUARY 18, 2021
based startups working on hardware and/or software applications that leverage or enhance autonomous mobility can apply to participate. If you win, you will receive a $100,000 investment from Capital Factory on a convertible security (see application for more details). What is the Center for Defense Innovation?
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