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The Startup CPG Podcast

#84 Legal Tips for Fundraising: Navigating SAFE Notes, Priced Rounds, Exits, & More (+ Balkan Bites)

The Startup CPG Podcast

Startup CPG

Startup, Food, Business, Beverage, Cpg, Entrepreneurship

4.9642 Ratings

🗓️ 28 March 2023

⏱️ 57 minutes

🧾️ Download transcript

Summary

We’ve heard on the show before how big of an undertaking fundraising is from both founders and investors, but we haven’t had a chance yet to really dig into the legal side. When Paul from Aura Bora was on the show last year, he shouted out Giannuzzi Lewendon for helping their team during fundraising (episode #68 if you haven’t checked it out yet), so we reached out to Partner Ryan Lewendon, to see if he’d be willing to sit down with us and talk all things fundraising, mergers & acquisitions, and legal help unique to CPG companies. Listen in today as Ryan shares about: - Where attorneys can help in the fundraising process - Tips for navigating SAFE notes and common pitfalls - Tips for navigating priced rounds - What to understand about exits before you start raising money - Alternatives to exiting via sale of your company - The current fundraising and M&A (mergers & acquisitions) climate and tips for navigating - And more! If you are new to the fundraising topic, I recommend episode #60 Venture Capital & Private Equity 101 and/or #70 Angel Investing 101 to help define key terms that will be used. And stay tuned at the end for a special mini interview with Startup CPG Shelfie Award winner, Balkan Bites (41:16). I can’t say enough about how much I love their incredible pastries and you won’t want to miss the founding story with Ariana.

Transcript

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0:00.0

your initial round you should probably start i used to say like three months or four months ahead

0:08.3

it should probably like seven months now because of how tough it is out there and having conversations

0:14.4

you got to have the conversations with investors and they usually just don't like write you to check right there

0:19.5

welcome to the startup CPG podcast.

0:21.6

I'm your host, Jesse Freytag.

0:23.6

We've heard on the show before how big of an undertaking fundraising is from both founders and investors,

0:29.6

but we haven't had a chance to really dig into the legal side.

0:32.6

When Paul from Oroborra was on the show last year, he shouted out Giannuzzi Lewenden for helping their

0:38.1

team during fundraising. Episode number 68, if you haven't checked it out yet. So we reached out

0:43.3

to partner Ryan Lewenden to see if he'd be willing to sit down with us and talk all things

0:47.6

fundraising, mergers and acquisitions, and legal help unique to CPG companies. Listen in today

0:53.7

as Ryan shares about

0:55.5

where attorneys can help in the fundraising process,

0:58.6

tips for navigating safe notes and common pitfalls,

1:01.8

tips for navigating price rounds,

1:04.1

what to understand about exits before you start raising money,

1:07.8

alternatives to exiting via sale of your company,

1:10.8

the current fundraising and

1:12.1

M&A mergers and acquisitions climate, and tips for navigating, and more.

1:17.1

If you are new to the fundraising topic, I recommend episode number 60, venture capital and

1:21.9

private equity 101, and or episode number 70, Angel Investing 101, to help define key terms that will be used in this episode.

1:30.2

And stay tuned at the end for a mini interview with Startup CPG Shelfy Award winner, Balkin Bites.

...

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