Legal Literacy
Reading material for Georgian founders raising from Western investors. Read this before you talk to a lawyer — not instead.
What a Delaware flip is, when Georgian-incorporated startups need one, what it actually changes for the cap table and IP, and the conversations to have with your attorney before signing.
Weighted-contribution model for splitting founder equity. Inputs are scored across six dimensions; output is each founder's illustrative share.
What founder vesting protects against, how the Western 4-year-with-cliff standard interacts with Georgian Labor Code, why investors insist, and the failure modes when vesting isn't set on day one.
Side-by-side comparison of the two structures most Georgian founders choose between, focused on the dimensions that matter for fundraising, hiring, IP, and exit.
What 'we need to clear KYC' actually means at a Western fund, what documentation gets requested, how the Georgian banking and registry surface meets those requests, and the gaps to close before you ask for a wire.
Explore how a post-money SAFE converts into equity at the next priced round — cap vs. discount, with an optional pre-money option pool top-up.
Can a Georgian LLC accept a SAFE from a US investor? What conversion looks like when the next round happens in Georgia vs. after a Delaware flip, and the specific drafting choices that keep options open.
Plain-language guide to the clauses you will find in a Series A term sheet — drawn from the NVCA model documents and YC's reference materials.