Startup legal essentials that founders NEED to know before raising money | Dean Elazab

In this episode of Funds and Founders, we sit down with Dean Elazab, a former big law attorney who now helps startups navigate the legal landscape. Dean shares insights from both sides of the table, having built and sold his own startup before becoming a lawyer.Learn how Dean:Guides founders through critical legal decisionsHelps protect founder & employee equityNavigates complex term sheets and financing roundsDemystifies preferred stock and liquidation preferencesCreates founder-friendly legal structuresBalances growth with legal protectionWhether you're just starting out or raising your next round, Dean's practical insights on startup law and founder protection are not to be missed!Timestamps: 0:00 - Intro & Dean's Background 4:57 - When to Bring in Legal Help 10:32 - Common Legal Mistakes & Horror Stories 15:06 - Understanding IP Protection 20:48 - Initial Legal Setup for Startups 29:17 - Term Sheets & Negotiation 37:05 - Safe Notes & Bridge Rounds 45:48 - Understanding Stock Classes 54:05 - Exit Scenarios & Liquidation 1:02:42 - Resources for Founders 1:08:33 - Support Systems & Final ThoughtsConnect with Dean: Website: elazablegal.com Twitter: @DeanElazab