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Convertibles: hassle-free legal solution to fundraising, by Legalstrasse

738 views · Published 18 August 2018 · 1:14:45 · Indexed 6 November 2026

Channel: Startupfood · 2018 · Science & Technology

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At TheFamily, we believe that anyone can become a great entrepreneur. Find more info here: http://www.thefamily.co/

By Daniel Streiff, Founder at Streiff Law
https://www.linkedin.com/in/daniel-streiff-94b1615/

You can find the slides here: http://bit.ly/2Mym1q8

Fundraising can be a long and painful legal process. But it doesn't have to be. 

For the past years, many startups have turned to convertible notes to finance their 1st round or bridge. Convertibles are a form of loan that automatically converts to equity at the next VC round, making the paperwork fast and effortless. It's also a lot cheaper than hiring an army of lawyers to do a small equity round. But here's the catch: you need a well-crafted doc to make it happen.

We're now making it available for free to all startups in Germany!

We'll be releasing a new legal template on Legalstrasse which any founder can use to raise convertible notes in a straightforward and founder-friendly way. Its author Daniel Streiff (Founder of Streiff Law) will present what it is, how it works and how to use it during this special event.

So is it for you? Let's find out with a first-rate panel ;)

There’s been a lot of conversation in the venture community about the pros & cons of doing a convertible note. The truth is, it’s never a one-size-fits-all case.

We'll follow with a panel discussion with Daniel Streiff, Filip Dames (Founding Partner @Cherry Ventures), Balthazar De Lavergne (Director @The Family), and Max Kersting, (Co-Founder @Harper, [email protected] who raised several convertible rounds). They'll share practical insights and common pitfalls to help you take the right funding decision.

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