Funding is a b#_%*! Or is it?
Most of you have probably read an article or two about funding and the time associated with it. It goes without saying that the process can (and very often is) draining your time and mood. But does it need to be this way? Is it really always that bad? My name is Alexander Irschenberger, I am a co-founder at Archii where we aim to remove human involvement from document handling. I’m a former lawyer advising companies in transactions - both IPOs, venture and private equity. Besides that, I’m a founder of NJORD Nutrition and an investor in Fenris Motorcycles. As a lawyer and consultant, I have been advising small start-ups, venture funds and large corporations in venture cases, and there's are a lot of learnings to share. I’ll shed some light on common pitfalls and share some advice and hopefully help you look “funding-beautiful”. I hope you will save a lot of worrying and time wasted... “Either you run the day, or the day runs you.” - Jim Rohn To get one thing clear: no one, including myself, will ever dispute that funding is time-consuming and stressful. Often you run around worrying all the time. And the show is… Read More
Corporate C-suite: Your M&A data room pains
Let me share a public secret: building data rooms is boring. It is time-consuming, troublesome and just plain boring. But that doesn’t mean we can’t make it less time-consuming, less troublesome and less boring. You could also easily ask: so why are you specializing within the field? Well, let’s just say that we saw some room for improvement... So here is the deal: when planning to build a(virtual) data room (a VDR) in a larger organization, time and quality are two key factors. They will significantly impact the outcome and perception of the due diligence investigation. In this respect, I have highlighted the key pains that we have identified through extensive knowledge as M&A lawyers and data room consultants. Which also resulted in us building software and having a team of data scientists and developers to remedy these pains. In short, these pains cover: Time will be wasted You don’t know what to collect A VDR structure is logical for M&A professionals – often not for others Incomplete VDRs are the rule rather than the exception Show or tell, please 1. Key employees’ time will be wasted Most - if not every - M&A process in large… Read More