Venture Capitalists invest in businesses and generally provide much needed capital. They then often assist in the management or guidance and (hopefully) help take the business to the next level.
Watched Shark Tank? – well that is it for you.
Whenever I’ve invested in a start-up I make sure that they get great legal advice. Its almost an insurance policy since if you don’t have your ducks in a row then later on you can be open for massive issues.
To name a few, when I invest in a start-up I make sure that:
- IP (intellectual property) is protected
- Employees etc are properly contracted
- Supplier (including leases) and client agreements are in place
- Legal exposure is limited and manageable.
Part of protecting a VC’s investment is keeping certain risks as low as possible.
An affordable and competent lawyer, who knows the relevant industry is golden- money well spent.