WE'VE MOVED!
We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
Seed Funding Negotiating (fantasy sports)?
I have a startup in the the sports contest setting not in the exact realm of fantasy sports but catered to same market.
I am currently looking to work with multiple investors, and a question came up. If I am doing a convertible nor or safe contract and each investors do not agree on the valuation cap, can each contract be different value cap, discount rate, or does it need to be standard across the board.
One mentioned that to an attorney and he stated that is a very complex and expensive situation.
My thoughts are its no different that just negotiating terms?
LASTLY. I am currently entertaining other investors. Product is ready yo be launched now
I am currently looking to work with multiple investors, and a question came up. If I am doing a convertible nor or safe contract and each investors do not agree on the valuation cap, can each contract be different value cap, discount rate, or does it need to be standard across the board.
One mentioned that to an attorney and he stated that is a very complex and expensive situation.
My thoughts are its no different that just negotiating terms?
LASTLY. I am currently entertaining other investors. Product is ready yo be launched now
Sign In or Register to comment.
Comments
My only recommendation would be to find a free consultation with another attorney who understands the ins-and-outs of contracts/investor agreements, and pick his brain.
Please, keep me updated on what you are able to find out.
Community Manager
StartupNation, LLC