It is common for an angel investor to invest in an early-stage startup especially as one of the first investors in a pre-seed or seed funding. An angel is typically your “rich uncle” who is a high-net-worth individual who decides to take a chance on you after hearing your startup pitch. And he would usually…
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Why startups shouldn’t use their investor’s company secretary
You’ve been pitching your startup for a few months now, and finally, an angel investor has agreed to invest in your company with the investment amount you needed. In the term sheet, the angel investor also requires you to change the company secretary to the investor’s corporate secretarial firm instead. This is usually not a…