Startup legal essentials that founders NEED to know before raising money | Dean Elazab
In this episode of Funds and Founders, we sit down with Dean Elazab, a former big law attorney who now helps startups navigate the legal landscape. Dean shares insights from both sides of the table, having built and sold his own startup before becoming a lawyer.
Learn how Dean:
- Guides founders through critical legal decisions
- Helps protect founder & employee equity
- Navigates complex term sheets and financing rounds
- Demystifies preferred stock and liquidation preferences
- Creates founder-friendly legal structures
- Balances growth with legal protection
Whether you're just starting out or raising your next round, Dean's practical insights on startup law and founder protection are not to be missed!
Timestamps: 0:00 - Intro & Dean's Background 4:57 - When to Bring in Legal Help 10:32 - Common Legal Mistakes & Horror Stories 15:06 - Understanding IP Protection 20:48 - Initial Legal Setup for Startups 29:17 - Term Sheets & Negotiation 37:05 - Safe Notes & Bridge Rounds 45:48 - Understanding Stock Classes 54:05 - Exit Scenarios & Liquidation 1:02:42 - Resources for Founders 1:08:33 - Support Systems & Final Thoughts
Connect with Dean: Website: elazablegal.com Twitter: @DeanElazab
