Investors Pay Their Own Legal Fees…New Normal in Seed Deals?
There was an interesting post today about Spark Capital, an early stage fund that has decided to pay its own legal fees up to the first $25,000 for ilegal representation the investor receives in financing matters. Many of the transactions G+A works on have had investors and the company bear their own fees, and we have noticed a trend in that direction, at least anecdotally. Perhaps this will become a new norm in the future? Only time will tell. Read the post here: http://pandodaily.com/2013/04/24/put-away-your-wallet-startup-spark-decides-to-cover-its-own-legal-fees/
There was an interesting post today about Spark Capital, an early stage fund that has decided to pay its own legal fees up to the first $25,000 for ilegal representation the investor receives in financing matters. Many of the transactions G+A works on have had investors and the company bear their own fees, and we have noticed a trend in that direction, at least anecdotally. Perhaps this will become a new norm in the future? Only time will tell. Read the post here: http://pandodaily.com/2013/04/24/put-away-your-wallet-startup-spark-decides-to-cover-its-own-legal-fees/
