Friends & Family Rounds by SeedLegals is a super quick and simple new way to close your first funding round. All the legals in one super easy-to-manage workflow: Investor Agreement, Articles, Board Minutes, SH01 ready to file at Company House, issue share certificates to your new investors.. and away you go!
Ease of use, accuracy, great support, cheaper than a lawyer!Cons:
Will be amazing as they build out support beyond seed round
They actually identified and corrected previous errors made by a legal firmAlex Templeton has used this product for one year.
Simple and cheapCons:
Still requires understanding of the terms involved in the negotation and some accountancy basics.
A friend used this for their seed round, but I found that he still needed to understand some basics. Still: really useful.Robin Allenson has used this product for one week.