May Update: Understanding pre and post-money SAFES, client shoutouts
Welcome to More From Fourscore
What new resources do we have for you this month? Take a look at our quick video from Fourscore Attorney Pete Singh.https://www.youtube.com/watch?v=5-lxwdgGCgI
Open Sky Group Reveals New Product
Client Open Sky Group has launched Kaleidoscope: a suite of supply chain management solutions for 3PLs. The big reveal happened at the ProMat23 trade show in Chicago. Kaleidoscope can automate supply chain tasks, which creates reductions in errors and processing costs. It offers a huge boost in workflow efficiency for a more responsive supply chain operation. Way to innovate, Open Sky Group!
TROMML Wins IdeaFest Competition
Congrats to our client TROMML on winning IdeaFest! TROMML was selected as the very best out of the 79 U.S. and international startups that entered the annual competition facilitated by The Launch Place. TROMML identifies errors in shipping costs or pricing for aftermarket automotive products, equipping eCommerce retailers to maximize their profit. Go TROMML, go!
Alea Diagnostics' Lorestry App Wows
Client Alea Diagnostics, a company devoted to child development, received an honorable mention in the Data Visualization Society's Information is Beautiful Awards. The recognition was for Alea's Lorestry app, which was created to help parents track the mental health of their infant or child. The award listed Lorestry as an "exceptional resource in the data visualization canon." Congrats!
ICYMI: Fourscore + RIoT Lunch & Learn
Check out the most recent Lunch & Learn we facilitated with RIoT! Our attorney Sean Valle represented Fourscore in the conversation, titled "The Legal Lowdown of Startup Financing." Sean discussed financial sources and what to look for in potential investors. He also explained how to approach investors and actually deliver pitches. Watch this valuable conversation here!
Pre-Money vs. Post-Money SAFEs
Over on the blog, Sean explains what you need to know about “Simple Agreements for Future Equity” (SAFEs), which are a common source of funding for early-stage companies. The subtle distinction between pre- and post-money SAFES can significantly impact the amount of equity that founders give up by raising capital using SAFEs. Read the full post here to make sure you're handling equity correctly!Picture on the top is by Karolina Grabowska and is in the public domain.Headquartered in the Research Triangle region of North Carolina, Fourscore Business Law serves entrepreneurs and businesses in the Triangle, throughout the Southeast and in Silicon Valley / San Francisco. We also represent venture capital funds and other investors who invest in companies throughout the U.S. The idea of delivering maximum impact in a simple and succinct manner is what we’re calling the Fourscore Principle. And that is what Fourscore Business Law is based on. Our clients operate in a broad range of industries including tech, IoT, consumer products, B2B services and more. Questions? Shoot us an email or give us a call at (919) 307-5356. Your first call is on us.