S1, Episode 12: Seed Financing

Season One, Episode Twelve– An introduction to how startup financing works, how to put yourself in the best position to attract investors to raise money for your business, and real world examples of how startup fundraising works.

Episode Description: Harrison Kay (Fordham Law ‘19), Edouard Wilhelm (Fordham Law ‘18), and Roberto Cortinas (Fordham Law ‘18) join to discuss start up financing, its key players, and various ways startups can raise money in the early stages, as well as ways to exit the fundraising process, typical financing methods, key terms to know prior to raising money, and tips for fundraising success. They also discuss insights from Lawrence G. Graey, President of GlenRock Capital Advisors, LLC and Adjunct Professor of Law at Fordham University School of Law.

Episode Roadmap:

  • [:31]  Kay, Wilhelm, and Cortinas introduce themselves as Fordham Law students under the supervision of Professor Bernice Grant.
  • [2:36] A definition of startup financing,  including money as well as associated benefits such as strategic and management expertise and network assistance.
  • [5:04] Main ways that startups can encourage investors to invest in their business.
  • [9:26] Examining the three rounds of the seed stage of financing.
  • [13:01] Characteristics of outside investors, including angel investors, venture capital firms, and crowdfunding.
  • [16:12] Financing instruments that entrepreneurs need to be familiar with.
  • [17:44] Common challenges many entrepreneurs face when raising funds for their startup.
  • [21:44] Details of the venture stage of financing, frequently seen scenarios, and common investor terms.
  • [26:10] Various options for the exiting stage of financing.
  • [28:02] Tips for entrepreneurs to strategically position themselves for success in seed financing.

Tweetables:

“Early stage entrepreneurs need to consider a lot more than just their idea in order to get funded.” -Edouard Wilhelm
“Startup financing is given to startups that have a plan to grow.” -Harrison Kay
“Entrepreneurs can raise money in the right circumstances, with the right people convincing the right investors that they are serving the right product or service to the market.” -Harrison Kay

Mentioned in This Episode:

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Disclaimer: The information contained in the Startup LAWnchpad Podcast and any materials associated therewith (the “Podcast”), is for educational and informational purposes only. The Podcast does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented, and may contain information that varies in different jurisdictions and that is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice.

Startup LAWnchpad is a new podcast that helps bridge the gap between entrepreneurs and their legal needs.  This podcast is a series of virtual legal workshops that will educate entrepreneurs about legal issues they commonly face as they develop, launch and grow their business.

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