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KN

Kirsty Nathoo

04/28/17

@ Y Combinator

It's essential to keep track of signed documents when raising money, as different investors may have varying rights and obligations.

Video

YC

Legal and Accounting Basics for Startups with Kirsty Nathoo and Carolynn Levy (HtSaS 2014: 18)

@ Y Combinator

Legal and Accounting Basics for Startups with Kirsty Nathoo and Carolynn Levy (HtSaS 2014: 18)

04/28/17

Related Takeaways

YC

Y Combinator Cast

03/07/18

@ Y Combinator

Investors should maintain transparency with founders regarding their rights and any changes to their agreements, fostering a strong relationship.

KN

Kirsty Nathoo

10/17/18

@ Y Combinator

It's crucial for founders to keep track of how much equity they've sold through SAFEs, as this affects their ownership percentage and future fundraising.

KN

Kirsty Nathoo

04/28/17

@ Y Combinator

It's vital for founders to stay informed about the financial and legal aspects of their startup, as misunderstandings can lead to significant issues down the line.

YC

Y Combinator Cast

03/07/18

@ Y Combinator

It's crucial for investors to quickly sign and wire money after agreeing to a SAFE, as delays can hinder the startup's ability to raise funds and continue operations.

KN

Kirsty Nathoo

10/17/18

@ Y Combinator

It's crucial to understand how much of your company you've sold to investors at all stages of your company's life cycle and how that affects your ownership.

AB

Andy Bromberg

09/15/18

@ Y Combinator

Due diligence and reference checks on investors are crucial yet often overlooked aspects of fundraising that can significantly impact the success of a startup's investor relationships.

MS

Michael Seibel

12/17/21

@ Y Combinator

Using standard paperwork and hiring a lawyer experienced in startups can help you avoid unfavorable terms during fundraising.

YC

Y Combinator Cast

03/07/18

@ Y Combinator

Investors should ensure their rights under a SAFE are respected during conversion rounds, particularly regarding pro-rata rights, as ignoring these rights breaches the contract.

RC

Ron Conway

10/27/13

@ Y Combinator

Once you have any indication of an agreement, send a confirming email to commit the investor to that agreement, ensuring clarity and accountability.