#96, Legal terms, governance & valuations for up, flat & down rounds with Fenwick’s Kristine Di Bacco

Fireside with a VC episode #96 speaking with Kristine Di Bacco, Partner at law firm Fenwick, discussing tough terms for startups in the context of flat and down rounds as well as more punishing terms for startups. What is common and expected in today’s market for up, flat, down rounds as well as convertible notes and SAFEs? Planning today’s current round in a way to set a precedent for the next funding round balancing valuations and terms. A deep dive on the difference between pre- and post-money SAFEs vs convertible notes, QSBS, etc. What to expect for typical governance, board of directors construction, etc. across multiple financings for startups. Secondaries in the bull market leading up the peak in 2021 compared to today’s 2024 market and what to expect for funding and exits in 2024 and beyond. How she cofounded and built Fenwick’s New York City office and is now back in Silicon Valley. Understanding differences and similarities in the New York compared to Silicon Valley ecosystems. Find the full episode on YouTube: https://youtu.be/Q6eV6oqg2Is.   Find this and all full episodes for Fireside with a VC on your favorite podcast platform here: https://podcasters.spotify.com/pod/show/FiresideVC   https://www.fenwick.com/ https://www.linkedin.com/in/kristine-di-bacco-72b35b/ https://www.7bc.vc/ https://www.linkedin.com/in/romans/   Join the conversation, leave comments, and tell us what you think about these topics and this episode. --- Send in a voice message: https://podcasters.spotify.com/pod/show/firesidevc/message