Startup ClubXavier & Associates LLC

Legal Workshop for Amazing Startups

XAVIER & ASSOCIATES LLC

• IP, Tech, Commercial and Corporate Law

• Big firm background, boutique firm service

• Over 36 years of collective experience

• Silos vs Collaboration

• Legal Strategy vs Legal Documents

• 100% Fixed Fees; Startup-friendly.

TOPICS COVERED

• Startup Legal Life Cycle

• Legal Aspects of Founders’ Dilemmas

• Tech Development – Legal Aspects

• Seed Fund-Raising – Legal Aspects

STARTUP LEGALLIFE CYCLE

STARTUP LEGAL LIFE CYCLE

• Four Stages:o Incorporationo Seedo Maturityo Realisation (Exit)

• Legal Advice vs Legal Documents (The myth of the “Standard Agreement”)

• Prevention vs Cure; startups’ legal risks• The Lawyers’ Role; Safety Instructions

STARTUP LEGAL LIFE CYCLE

LEGAL ASPECTS OFFOUNDERS’ DILEMMAS

THE FOUNDER’S DILEMMA

65% of startups fail because of “people problems”- Noam Wasserman, “The Founder’s Dilemmas”

• 65% of startups fail because of “people problems”

• The co-founders’ dilemmao Equity Splito Vesting

• The founders-founders’ dilemmao Bootstrap vs Fund-raisingo Control vs Wealth

• By 3rd found of funding, 52% of founder-CEOs have been replaced; of those, 75% were fired

THE FOUNDER’S DILEMMA

TECH DEVELOPMENT- LEGAL ISSUES

TECH DEVELOPMENT- LEGAL ISSUES

• Internal vs External development

• IP ownership and protection

• Confidentiality

• Data

• Distribution (platforms and users)

TECH DEVELOPMENT – LEGAL ISSUES

SEED STAGEFUND RAISING

SEED STAGE FUND RAISING

• Sources of seed-stage fundingo Bootstrappingo Crowdfunding (debt, equity, reward, donations)o Grantso Angels and FFFo Accelerators & Incubators & Seed (+) funds

• Term Sheets and investment documents

• Equity vs Convertible Debt vs KISSes & SAFEs

• Fund-raising Process

SEED STAGE FUND RAISING

CONTACT US

Xavier & Associates LLC

11 Collyer Quay, The Arcade, #17-00

Singapore 049317

Tel: 6521 4550

Email: bernard.chung@xavierlegal.com

www.xavierlegal.com

Thanks to

THAT’S ALL, FOLKS!

Questions?