Episode 3: Friends & Family/Angel Financing
 25 min watch

You’re raising money for a startup. Should you ask friends and family? Consider convertible-note financing? What other options do you have?

Tune in to hear Orrick's Aria Kashefi and John Bautista cover these aspects of early-stage funding:

  • The difference between friends & family and angel financing
  • Benefits of using a Simple Agreement for Future Equity (SAFE)
  • Why founders might want to consider convertible notes
  • Corporate formalities that accompany SAFE or convertible-note financing
  • Pro rata rights, a.k.a. preemptive rights, participation rights or ROFOs (Rights of First Offer)

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