SERVICES

Emerging Fund Managers

Over the past 10 years there has been a 10x increase in Seed stage funds. During that time, a new type of venture capital fund manager has emerged. Traditional venture funds tend to focus as specialist firms (stage, sector or geo-specific) or platforms that scale with assets under management. This has left a white space for super angels, solo general partners (GPs)—solo capitalists—and other emerging fund managers.

We represent emerging fund managers with the following services:

Venture deal structures for portfolio company investments
Limited partnership agreements and limited liability company operating agreements
SPV and Series LP formations
Series Seed Financings, Safes, Convertible Notes, Warrants and Series A Preferred Stock financings

Accelerators

Accelerators offer educational-driven curriculums where startups receive mentorship, education, and networking resources. Acceleration programs are typically more competitive than incubators and the principals like to work with early-stage startups that have already shown significant traction or product-market fit. Y Combinator is the most well known.

We work with our accelerator clients to lower their legal spend by creating customized workflows and legal processes that drive efficiencies into their scalable model. Accelerators are capital constrained, but they do not need to be constrained by their legal needs.

Venture Capital Fund Formation

Traditional venture capital funds are structured as limited partnerships. Typically, two or more affiliated LLCs will be formed to setup the management company & general partner (GP) who will act as the investment adviser and fund manager to the fund.

We represent fund clients in the drafting, negotiations and subscription process necessary to complete the fund formation, including:

Limited partnership agreement (LPA)
Limited liability company agreement (Operating Agreement)
Subscription Packet, including privacy policy (Sub. Docs)
Optional: Private placement memorandum (PPM)
Applications, regulatory forms and other related administrative filings (Disclosures)

Venture Deals

Deals are the backbone of venture capital. Having represented both side of the table, we have seen our fair share of good and bad deals. What separates the good from bad deals is not easy to spot without experience.

From the most complex of Series A corporate documents to the simplest of Safes, we have seen all types of early-stage financing documents.

Our experience covers a broad range of financing areas, including:

Convertible Promissory Notes
Warrants and Stock Options
Simple Agreements for Future Equity (Safes)
Series Seed Financing Documents (SeriesSeed.com)
Series A Financing Documents (NVCA)