Closing Your Startup Round? 5 Practical Guidelines

Previous articles have talked about party rounds and keeping momentum in your fundraising. This one will focus specifically on the close, which ideally is a foregone conclusion but sometimes becomes the period of highest stress in a fundraise. 1) The Legal Diligence — Have A Budget Legal diligence is not just a way for lawyers to make money, it’s fundamentally necessary to ensure the company is in good standing in terms of structure and contracts, avoiding many future problems.The norm is for the lead investor to do a legal diligence paid by the company and all other investors take cue…...