Up to 3 half-day sessions with an experienced partner for coaching, review of business plan, pitch deck, executive summary, financing strategy, and related start-up priorities.
Structure and Documents
10 hours of custom services tailored to your startup.
For any requested services not covered by the program fee during the year-long program, you will receive a 10% discount on normal OM billing rates.
One-year program fee covers up to 10 additional hours of any other legal service(s) the client requests, such as:
$5,000, payable in advance. Client pays out-of-pocket costs, as incurred. Our experience is that the flat program fee covers all services likely to be needed during the first year absent the occurrence of a "good news event" such as an angel financing or early exit. Fees incurred in excess of the program services will be charged at 90% of regular OM rates during the 1-year program.
At formation, the Company will issue to Osborn Maledon an unvested 10-year warrant to purchase 1% of common equity. Customary terms; exercise price equal to valuation at date of grant. The warrant vests 30 days following the end of the 1-year program, only if the Company elects to continue OM engagement as counsel after the 1-year program year.
Client may terminate OM’s engagement at any time, without any requirement to “make up” discounted fees, and may cancel the warrant during or within 30 days after the 1-year program ends. OM continues as counsel, and retains the warrant, only if the Client is satisfied with the value we add.