Advance Subscription Agreements: Money now, shares later
Advanced Subscription Agreements allow investors to ‘pre-pay’ for shares. ASAs can be a faster, more efficient and S/EIS-friendly way for startups to raise capital.
Pre-money valuation explained
We explain what pre-money valuation means, the factors that influence it and how it’s different from pre-revenue and pos...
Convertible loan agreement: pros and cons for startup funding
In this article, we break down the key things you need to know about convertible debt, the difference between loan notes...
What is an SPV? Special purpose vehicles explained
What are special purpose vehicles and does your syndicate of investors need to use one? We explain how SPVs work and som...
Do investors care about a messy cap table?
For investors, a messy cap table isn’t a good sign and for you, it's an admin nightmare. We explain what a messy cap tab...
5 min readWhat is a clean cap table? And why it's probably not what you think it is.
Thinking about setting up a nominee or SPV to reduce the number of shareholders on your cap table? Our CEO Anthony expla...
8 min readRaising from lots of small investors? You can now roll them up into a single entry on your cap table
It's quick and easy to add a rollup to your funding round. We explain what a rollup is, when to use one, how it works an...
Fake investors: How to spot scammers and time-wasters, and protect your startup
As criminals invent new ways to launder cash, or obtain money or shares fraudulently, startups need to stay vigilant. Un...
Investor relations: create a plan for your startup
Our experts explain how to build and maintain positive relationships between your company, investors and other stakehold...
Due diligence for startups: check that cheque
Not all investors are who they say they are. With Themis, we share our insights on financial crime in fundraising and du...
Term sheet negotiation: how to get it right
Find out how to strike the balance between keeping the money on the table and getting a fair deal. Find out the red flag...
Investor not sent their funds? No Pay, No Play lets you remove them from the round
We’ve added No Pay, No Play to funding rounds to allow you to remove an investor who hasn't paid, so you can go ahead to...
Top 10 questions to ask potential investors - from industry experts
Are your potential investors right for your startup? Ask these questions crowdsourced from founders and investors to fin...
