You picked a SAFE. Your investor wanted a SAFT. Your lawyer said you need a token warrant.
All three are investment contracts- some for equity, some for tokens.
But picking the wrong one may quietly wreck your raise.
Let’s fix that: 30 secs. 🧾👇
Spent a weekend vibing on the ShapeCraft hackathon 👀
https://t.co/S5ysHAWbEf
Shape Saga is a PoC on collaborative story telling assisted by GenAI. Feel free to check it out!
Special thanks to William and the Shape team!
@shape@williamhzo
Link: https://t.co/2hXXsbSJ2W
When fundraising, we find founders often obsess over pitch decks and building MVPs, but neglect the legal stack.
Head of legalese @LegallyBullnde showed the founders at Ignite why that’s a mistake and how to fix it.
Thanks to @SuperteamSG & @thenetworkstate for dragging our lawyers out of the dungeon
Proud of the team and honored to support on the @initia launch.
@ItsAlwaysZonny@sinitias and their team are incredibly switched on and it’s great to see the culmination of over half a year of meticulous planning, work and strategising.
@LegallyBullnde@0xlegalbeagle
Initia’s mainnet is live. 🪢
We had the privilege of supporting @initia, one of the most diligent teams out there - from structuring to listings.
Solid operators. Thoughtful builders. Fully interwoven
It's an honour to be part of this journey frens 💙
In Web3 projects, as in traditional venture capital, understanding the nuances of term sheets is essential.
Entrepreneurs should ensure that they understand every clause, particularly in token sales or equity arrangements, as these can significantly impact future governance and financial outcomes down the line.
Check out this term sheet generator by GVRN, a handy tool for Web3 startups raising capital.
The GVRN legal crew took a breather from our hectic schedules to conduct a legal clinic at Ignition Week!
🏛️💙
It’s always inspiring meeting new builders across every ecosystem, and we’re so proud and happy to be supporting the superstars at @SuperteamSG
Feeling lost on how to properly raise money for your Web3 startup? 🤔
A term sheet could be the thing that keeps your project from falling apart.
🔑 Here’s why it’s key:
• Sets clear expectations with investors
• Keeps everyone aligned on the terms
• Protects you from future disputes
Want to get your funding right from the start? Learn how a term sheet can save you 👇
🗒️https://t.co/8AzL5FwW1i
Raising funds for your Web3 startup? 💰
A term sheet may be your secret weapon! 📄⚔️
Here’s why it matters:
• Defines investment terms
• Aligns founder + investor interests
• Builds investor trust
• Protects your project from potential disputes
Don’t go into your funding round unprepared. Learn what other steps you can take👇
https://t.co/18cyuMzsgq
Proud to be supporting one of the biggest @base ecosystem events happening at @token2049 🫡🇸🇬
Our legal team have escaped the office for the evening and will be there to answer any burning questions you may have 💙
Friendly PSA from your Web3 legal frens at GVRN before you kickstart #TOKEN2049:
• Vaping? FINE: 0.65e
• Forget to flush? FINE: 0.24e
• Durians in hotels? FINE: 0.16e
• Riding without a seatbelt? FINE: 0.1e
SG laws are no joke—and neither is Web3 law. A fine from the SEC wont be 0.1E 😬
Wanna avoid a fine? Catch us at:
Magna TGE Summit
Sept 16 | 10am-8pm
Connect with Web3
Sept 17 | 6pm - Late
Base(d) Hackerhouse
Sept 19 | 6-9pm
Luma links below 👇
Ever wondered how Web3 startups raise funds swiftly without diving into complex legal agreements? 🤔
Unlock the mystery of SAFEs—Simple Agreements for Future Equity—that fast-track fundraising and offer investors future shares and tokens, without the legal fuss!
Curious to learn more? Dive into our beginner's guide now!💙
https://t.co/GTkDTprcO6
9/ We're thrilled to be part of this global journey, helping pave the way for smoother sailing in Web3 legal seas. The road ahead looks promising. 💙
Learn more about the GVRN vision: https://t.co/DnHatguhrS
1/ Just wrapped up @kbwofficial
Talent and innovation? Mind-blowing! 🧠
But there's a glaring issue: founders navigating a legal minefield, blindfolded. 🙈
#KBW2024
Our team had a chance to peep what the team at @overtake_world are cooking 👨🍳 at Game On by @Immutable
we think it's only a matter of time before they're recognized as goats of web 3 gaming 🎮🐐
#KBW2024