A legal guide to startup fundraising in Malaysia (Part 2)

Here’s the second part of my legal guide to startup fundraising in Malaysia. If you’ve missed the first instalment, you can read that here. 1. Get the necessary due diligence done Usually, sophisticated investors like corporates and venture capitals may need your company to pass their due diligence process before they can invest in your…

A legal guide to startup fundraising in Malaysia (Part 1)

Fundraising is one of the challenges that startup founders need to go through in their entrepreneurial journey in growing an early-stage startup. Fundraising is a regulated activity in most or all countries. Different countries have laws that need to be satisfied to ensure that your fundraising is all within the law. Here are ten things…

Why you should still apply for government funding for your startups

Many founders I meet get frustrated when I suggested that they consider government fundings for their startups. I recall a recent chat I’ve had with a startup founder that complained that applying for government funding means he has to do “donkey work”. I mean, it can be exhausting having to put up the necessary application…

Can startups just walk away from an investment term sheet?

You and your co-founders have been pitching for the past several months, and now you’ve finally got the investment term sheet from venture capital. You later sat down with the signed term sheet to discuss the next steps with your team members. Eventually, after asking around for feedback and inputs you and your team later…

What are reserved matters, and how does it work for startups?

Reserved matters are a standard clause that can be found in a shareholders agreement, especially when dealing with more sophisticated investors like venture capitals and institutional entities like corporates. What is a reserved matter, and what is it for actually? The reserved matters set out a list of actions or items which the company cannot…