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SeedLegals — A quick and simple way to close your first funding round
Friends & Family Rounds by SeedLegals is a super quick and simple new way to close your first funding round. All the legals in one super easy-to-manage workflow: Investor Agreement, Articles, Board Minutes, SH01 ready to file at Company House, issue share certificates to your new investors.. and away you go!
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@joshuapinter It is for UK registered companies for now (the investors can be from anywhere) so we're deciding where to launch next! We'll put you down as a +1 for Canada!
@manojranaweera Thanks for your feedback! SeedLegals also comes with a dedicated team of legal experts on instant chat so you get that one-on-one support too. Before this, the two options were 1) having zero documentation or 2) a full legal pack which would cost anywhere between £2k - £5k - which if you’re raising £20k from your Aunt is a huge chunk of the entire investment! We're trying to find that right balance of sensible costs vs. protecting investors vs. having something respectable to show the next round investors :)
A friend used this for their seed round, but I found that he still needed to understand some basics. Still: really useful.
Pros:Simple and cheap
Cons:Still requires understanding of the terms involved in the negotation and some accountancy basics.
Thanks Robin 😊 - have you tried our new Friends & Family Round? Just launched yesterday! We hope we've made it super simple with no background knowledge needed! Try it out free and would be great to hear what you think! https://seedlegals.com/friends-a...
Can't believe modern VCs would subject entrepreneurs to lawyers when Seedlegals exists. Can get around a screen, tweak the terms and you're done. All the docs you possibly need.
Potential game changer for UK startups. It costs at least 2x the amount when doing friends and family investment docs at the moment 💸
great, easy to use, great team, very helpful, highly recommended if you want the process to be simple and smooth
Hi Product Hunt 👋 I’m Anthony, co-founder of SeedLegals.
Our team has been working hard and we’re super excited to share it with the Product Hunt community!
The first injection of capital for any startup is vital, but there's often a huge % spent on legals. Without the proper documents showing who owns what, a founders’ friends, family and first investors can often get left with nothing later on when VC's or angels invest.
So we’ve made it quick and simple to close your first round - without spending the huge % on the investment agreements.
Add your investors and generate all the legals you need in one super easy-to-manage workflow: Investor Agreement, Articles, Board Minutes,, issue share certificates to your new investors.. and away you go!
Try it out, it's free to create your CapTable, create team agreements and start your round. It would be great to hear your feedback.
Thanks!
Perfect timing! I have been looking at how to best manage start up legals, a few hours in and here you are :)
They actually identified and corrected previous errors made by a legal firm
Pros:Ease of use, accuracy, great support, cheaper than a lawyer!
Cons:Will be amazing as they build out support beyond seed round
Awesome product :) Liked the simplicity. All I have to do now is find relatives who are willing to invest. I hope someone makes an app for that too :P
@pratik_shetty It's already with us! We work with http://sparkup.co/ - that's what they do 😎
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