The Healthtech Podcast #388 A Founder's Legal Playbook from a Healthtech Lawyer with Sophie McGrath, Partner at Goodwin Procter
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Mar 6, 2025 Sophie McGrath, a Partner at Goodwin Procter with over 20 years of experience in life sciences and healthcare law, shares valuable insights during this engaging discussion. She emphasizes the crucial role of a solid legal foundation for health tech startups. Topics include strategic guidance in fundraising, navigating intellectual property challenges, and adapting to shifting business models in the health tech industry. Sophie also discusses the resilience of health tech fundraising amidst market changes and the importance of effective legal representation for aspiring entrepreneurs.
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Hire Sector-Savvy Advisors Early
- Hire sector-savvy lawyers from day one to avoid costly bespoke fixes.
- Sophie McGrath says they will avoid sledgehammer solutions and save time and fees.
Set Equity And Tax Structures Correctly
- Issue founder shares and equity plans with correct cross-border tax treatment from day one.
- Sophie McGrath warns missing a 409A or local rules creates messy, sometimes impossible fixes later.
Check IP And Regulatory Freedom Early
- Assess freedom to operate and regulatory pathways from day one.
- Sophie McGrath says early FTO prevents wasted investment and exit friction.