Next week, the Forrest Firm will present a lunch and learn event, Legal Considerations for Startups Seeking Capital from Angel Investors, at the Collider, a hub for climate entrepreneurs in Asheville.
Martha Bradley, who leads the Forrest Firm’s Asheville office based at the Collider, will host and moderate the event, while attorney Adam Wanee of the firm’s Durham office will share his experiences in assisting startup clients as they seek seed capital from angel investors. The lunch and learn event will take place on Thursday, August 16 at 12pm.
The Collider is a nonprofit innovation center and coworking space that brings government, business, and non-profits together to create climate change solutions. Since opening its doors in 2016, this space has fostered the growth of an impressive roster of climate startups and entrepreneurs.
During the last couple of decades, angel investment has become one of the most popular ways for early-stage startups to raise capital. Angel investors, high net worth individuals who are often family or friends of the startup founders or members of large angel networks that evaluate and invest in companies together, typically provide capital on simpler terms than venture capitalists or traditional lenders. Many are experienced entrepreneurs themselves, and can be extremely helpful to startups looking to take their first steps in growing a business.
fDue to the scarcity of high net worth individuals experienced in evaluating early-stage companies and comfortable with the risk profile of such investments, seeking angel investment dollars can be a highly competitive process. Having a solid legal foundation in place prior to seeking investment can give founders the confidence to put their best put forward and focus on pitching the business they are passionate about, knowing that once they identify the right investors, they should be able to proceed to closing smoothly without any roadblocks arising in the due diligence process. Entrepreneurs and small business owners who are considering seeking this type of capital investment are encouraged to attend the presentation for an overview of potential legal issues and simple steps that startups can take to improve their chances of successfully closing a deal.
Adam Wanee is a corporate transactional attorney at the Forrest Firm’s Durham office, located on the historic American Tobacco Campus. His practice focuses on counseling startups and growth-stage companies in various industries on corporate formation and governance issues, angel and venture capital financings, credit facilities, mergers and acquisitions and other commercial contract matters.
Martha Bradley focuses her Asheville-based practice on all aspects of civil litigation, as well as business and real estate litigation, at trial and appellate court levels.
Follow this link to register for the August 16 lunch and learn at the Collider.