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You have an idea, incorporated a company and are now living the startup nation dream. One of the most complex tasks ahead of you is the protection of your tangible assets standing in the heart of your venture. You have an idea, concept or technology and founded a startup for the development and marketing of […]
Shares are bundles of rights, mainly voting in the shareholders meetings and participation in dividends and exits. With respect to startups, there are two major types of shares: ordinary shares, which are usually granted to the company’s founders and employees, and preferred shares, which are usually issues to investors. The challenges Preferred shares typically have […]
The tools for startup financing develop over the years. Recently, the tool that becomes more and more popular for startups financing is the SAFE – Simple Agreement for Future Equity. In the Safe framework, the investor grants the company an investment and in consideration receives from the company an obligation to be issued shares upon […]
As in other places in the world, the internal legal departments of Israeli Hitech companies are growing. Thus, they are measured more like other departments in such companies, i.e. per performance and budget. As a result, the sophistication level of such departments in the manner they purchase legal services increases. That sharpened external law firms […]
You founded a startup to bring it to business prosperity and an exit. To achieve your target, you will probably have to obtain financing from investors. If you are not careful with the representations in the investment agreement, you are risking the success of your startup and yourself personally. It sounds frightening, but it is […]
A new directive by the Privacy Protection Authority may lay a deathblow on exits, mainly by companies selling to consumers The New Directive Most data held by commercial companies with respect to their customers is subject to the Israeli Privacy Law. Such statute focuses on the duty to register data bases with the […]
One popular and important mechanism in the relationship between a startup and its founders is the reverse vesting. The mechanism enables the company to repurchase from a founder’s shares, when he and the company separate earlier than expected. In the last several years, the concern that the tax to be imposed on such shares shall […]
The question when to initiate efforts towards raising funds from an investor is critical to ventures in the Hitech field. In this post, we tried to shortly review crucial considerations in this respect. Many of the Hitech entrepreneurs, who reach our offices for legal advice for their early stage ventures, also seek our assistance in […]
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The Hitech field is in constant growth in Israel and worldwide. This filed also constitutes the growth engine of Israel’s economy. Further, entrepreneurship culture in this filed in Israel is strengthening. As a result, the demand for startup financing is increasing. On the other hand, since the beginning of the global economic crisis in 2008, […]