#82, Understanding pre & post SAFEs, convertible notes vs priced rounds with Daniel Zimmermann, Partner, WilmerHale

Fireside with a VC is hosting a series of discussions on specific legal topics with the best lawyers from Silicon Valley and around the world. This episode is designed to help founders, VCs, advisors and supporters of startups understand everything they need to know and all the moving parts in convertible notes, pre-money and post-money SAFEs compared to priced equity financings. We start out explaining the key parts everyone needs to understand and then quickly get into an in-depth detailed conversation about how important these legal matters are and how it can be the difference between making a great return or not from an investor's perspective and steering clear of icebergs that can sink your startup or have you end up owning much less of your startup on the day of exit.

Daniel Zimmermann is a legendary corporate securities lawyer in Silicon Valley, a Partner at law firm WilmerHale and an absolute experienced expert on this topic.

Legals is something every founder, angel and VC should be an expert on and we are amazed on a daily basis how many investors and founders fail to understand the basics and moving parts, which ones to push for when negotiating and the finer subtleties that normally only come from decades of experience.

Find this episode on all podcast platforms: https://open.spotify.com/show/57V2XYhekz5ETiOwtanWIn?si=a835a3f3b5804cbb.

YouTube: https://youtu.be/pI6J1Q6W6dU

https://www.linkedin.com/in/daniel-zimmermann-lawyer/

andrew@7bc.vc

https://www.linkedin.com/in/romans/

Join the conversation and tell us your view of the pros and cons of using SAFEs vs convertible notes vs priced rounds or any of the topics discussed in this episode.

--- Send in a voice message: https://podcasters.spotify.com/pod/show/firesidevc/message