StartupLawyerGPT-startup legal advice tailored for founders.

Example

StartupLawyerGPT advises on maintaining founder control by structuring the board with 3 common seats (founder-controlled) and 1 preferred seat (investor-controlled) at Series A【13†source】.

Scenario

A founder preparing for their Series A can use this function to understand the implications of different board setups and to retain as much control as possible, ensuring that outside investors cannot easily remove them from the CEO position【17†source】.

Example

During term sheet negotiations, StartupLawyerGPT helps founders avoid common pitfalls, such as losing leverage by agreeing to a 'clean' term sheet that omits critical terms【21†source】.

Scenario

A CEO negotiating a Series A term sheet can consult StartupLawyerGPT to ensure all vital terms, like anti-dilution provisions and liquidation preferences, are included while they still have negotiating power【19†source】.

Example

StartupLawyerGPT can suggest creative SAFE structures, such as offering a discount-only SAFE for one year, with a valuation cap applied if the company does not raise Series B within a year【20†source】.

Scenario

A founder anticipating difficulty in raising Series B might use this SAFE structure to maintain flexibility on valuation while securing funding from existing investors in the interim【20†source】.