Kevin was interviewed by The Insider's Guide to Finance podcast about properly navigating your company through the stages of financing. Check it out!

Office Hours with Vela Wood

Insider’s Guide to Finance

In this episode, we discuss what constitutes a seed round in Dallas and contrast the three potential structures of a seed round - equity, convertible note, and a SAFE.

Preparing for Funding Ep7: Seed Round

In this episode, we discuss why we're not big fans of accelerators, the types of accelerators we do think provide value and are worth participating in, and the clauses to watch out for in an accelerator's program participation agreement.

Preparing for Funding Ep6: Accelerators/Incubators

In this episode, we discuss qualifications for accredited investors, how to find angel investors, how angel syndicates work, which metrics you need to know for a pitch meeting, and how to respond to getting a "no." 

Preparing for Funding Ep5: Initial Sophisticated Investors

In this episode, we discuss what makes a great pitch deck, the best uses of an appendix, how to get warm introductions to investors, and restrictions on general solicitations.

Preparing for Funding Ep4: Pitch Decks

In this episode, we discuss how to mitigate the risks of Friends & Family funding, which include disproportionate valuations, violating SEC and state securities laws, and messy cap tables.

Preparing for Funding Ep3: Friends & Family Funding

In this episode, we discuss the difference between vesting and reverse vesting, confidentiality agreements and assignment of intellectual property, restricted stock and 83(b) elections, ROFR, and Class F founders stock.

Preparing for Funding Ep2: Founders Agreements

In this episode, we discuss why your company's legal matters, lifestyle businesses v. venture-backed businesses, whether you should form your entity as a corporation or LLC, implications of the new tax code, and the filing requirements for entity formation.

Preparing for Funding Ep1: Incorporation

In this episode, we discuss wage claims, entity types, accredited v. non-accredited investors, 83(b) elections, and 409A valuations.

VDR Ch. 16: Legal Things Every Entrepreneur Should Know

In this episode, we discuss what the term sheet negotiation process establishes, as well as transaction costs and reputation constraints. 

VDR Ch. 15: Why Do Term Sheets Even Exist?

In this episode, we discuss when to ask for a breakup fee, conditions precedent, and extended no-shop periods. 

VDR Ch. 14, Part 2: Letters of Intent

In this episode, we discuss the difference between an asset deal and stock deal, forms of consideration, earnouts, and representations & warranties.

VDR Ch. 14, Part 1: Letters of Intent—The Other Term Sheet

In this episode, we discuss runaway valuations, party rounds, and board control. 

VDR Ch. 13: Issues at Different Financing Stages

In this episode, we discuss what your venture attorney's role is - and isn't - in raising money, expectations for your Friends and Family Round, and best practices when emailing potential investors.

VDR Ch. 12: Raising Money the Right Way

In this episode, we discuss the role of your lawyer in a term sheet negotiation, when and how to walk away from a deal, and the best ways to prepare for a negotiation.

VDR Ch. 11: Negotiation Tactics

Office Hours is a podcast hosted by two corporate attorneys, covering general issues related to small businesses and startups.

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Office Hours with Vela Wood

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