What are the Key Terms of a Convertible Note?
Startup founders can raise capital from investors through either: an equity round where an investor purchases ordinary or preference shares…
What’s the Difference Between a SAFE and Convertible Note?
Australian startups are increasingly considering raising capital using a convertible note or a Simple Agreement for Future Equity (SAFE). Both…
3 Things a New Startup Founder Should Know
You have a great idea, and you know you can turn it into a profitable one. But taking the step…
4 Rules for Startup Founders About Intellectual Property Protection
A startup’s most valuable asset is usually its intellectual property (IP). If your business gains traction, you can commercialise your…
A Cautionary Tale: Participating Liquidation Preferences
If you’re a startup founder in desperate need of an injection of cash, it is tempting to rush into a…
What Happens to the Options Pool if Your Startup is Acquired?
The Australian Tax Office (ATO) improved the way participants are taxed under eligible Employee Share Option Plans (ESOPs) in July…
How Should I Structure My Options Pool?
A business can give its employees, contractors and/or directors options to purchase shares in the company. This can be done…
What is the Difference Between a Debt and Equity Investment?
There are many different ways for an investor to inject funding into a private company. Generally, it is a matter…
How to Use a Term Sheet: What are the Benefits?
A term sheet is a pre-contractual document. It sets out the key terms of a transaction agreement between parties. A…
How Many Shares Do I Need When I Incorporate My Startup?
New founders frequently ask our startup lawyers: How many shares should I issue myself and my co-founders when I first incorporate…