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Venture Capital

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Venture capital
The what, why and how of Preference Shares
2 Nov 2022|5 Mins Read

In most ways, preference shares are identical to ordinary shares. Holding 50 preference shares gives you no more percentage ownership in a company than holding 50 ordinary shares and entitles you with …

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Venture capital
What happens when your Company has a down round
5 Oct 2022|5 Mins Read

With the market for venture capital tightening up over the last few months, an increasing number of companies can expect to have to raise on a down round.

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Venture capital
Closing your next funding round has gotten a lot harder, here's why
18 Jul 2021|4 Mins Read

Signing documents (and waiting for documents to be signed) can be a frustrating and often error-laden process. Australia’s outdated requirement of wet-ink signatures on paper makes it even more …

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Venture capital
The Australian startup scene needs to talk about pre-emptive rights
12 Mar 2019|4 Mins Read

It should come as no surprise to anyone active in the Australian technology industry that we are behind the curve in terms of investment norms. Just one example of this the expectation of “pre-emptive …

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Venture capital
Why the AVCAL Shareholder's Agreement probably isn't right for your startup
9 Oct 2018|3 Mins Read

While every business is different, many of the startups that we work with have a few things in common:

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Venture capital
Australian translation of Y-Combinator's Simple Agreement for Future Equity (SAFE)
6 Sep 2015|3 Mins Read

We were recently asked to take a look at Y Combinator’s Simple Agreement for Future Equity ("SAFE") for Sparrow Flights, one of our clients and a great new startup based in Sydney.

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