Forthcoming February 2021 • paper
The existing literature on startups exhaustively covers the mechanics of forming a company and the elements of a traditional venture capital financing. The “Seed Deal”—whether in the form of preferred stock, convertible promissory notes or SAFEs—is the means by which a company makes its way from startup to venture capital. For some companies, the period of the Seed Deal is measured in weeks or months, but for others it can be years. It’s a critical time for these companies, and lawyers have an important role to play. Surprisingly, there is little instructional or illuminative literature on the topic. This book fills that vacuum in a jargon-free and easily accessible way.