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Preparing for a Pre-Seed Financing Round

January 12, 2022 (1 min read)

Many pre-seed start-ups do not engage competent legal counsel early in the process, and use an online legal technology company that offers cookie-cutter forms not tailored to the company's business, find free forms on the internet, or copy legal documents from companies in the same general line of business. In each of these cases, you often get what you pay for, and mistakes made early on compound when you attempt to raise money from people other than friends and family willing to fund your dream. This practice note focuses on pre-seed start-ups. It is critical at the pre-seed stage for the company to establish the proper legal foundation on which to build and grow. Doing things properly at the inception of your company will set you up for your first fundraise and avoid having to put out costly fires down the road.


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