How to Be a Successful Founder

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

It's important for founders to understand that there are people who've been working for ten twenty thirty sometimes forty years in the industry and they know the standards so get a great lawyer. As a founder wait when you're doing these things and deviating from the standards and getting creative. Don't spend a minute and half talking about your creative legal structure like that should be the last thing that that should be the ten second blurb this is what i've got i'm good to go, he says.

Todays show:

Wilson Sonsini Partner Becki DeGraw joins Jason on the latest edition of Startup Legal Basics! In this episode, they break down legal standards in the startup ecosystem(2:19), SAFE agreements and convertible notes(5:41), conflicts faced by founders and investors(20:58), and much more!

Time Stamps:

(00:00) Wilson Sonsini Partner Becki DeGraw joins Jason

(2:19) Breaking the box or sticking to widely accepted frameworks

(3:47) General trends and the adoption of safe agreements

(5:41) Differences between SAFE agreements and convertible notes

(10:34) Companies that raised high valuations during a hot market and need to raise funds again

(15:43) The impact of down rounds and pay-to-play provisions on investors, founders, and employees

(20:58) Conflicts faced by founders, existing investors, and new investors

(27:58) Surviving down markets

Check Out Wilson Sonsini: ⁠https://www.wsgr.com/en/⁠

⁠Read LAUNCH Fund 4 Deal Memo⁠: ⁠https://www.launch.co/four⁠

⁠Apply for Funding⁠: ⁠https://www.launch.co/apply⁠