Thread by @speirin

I really respect what @anthonyrose is building @seedlegals, they've worked hard to upskill founders + are leaders in EU ecosystem.

That being said their SeedFAST ASA instrument (UK version of a safe) is VERY expensive.

You can get a lawyer to do everything below for £1k + VAT.

I really think it's important for us to. Increase transparency and help founders save money (especially at the earliest stages)

Historically, theres always been a tax on founders naivety and inexperience, aided/abetted by an opaque investment process + echo chamber.

Founders >>

Let's do the maths of using @seedlegals....

1% of 500k = £5k
0.5% of 700k = £3.5k
0.2% = £2K

So on £2m raised using a SeedFAST ASA instrument you're paying = £10.5k (0.525%)

That's £9300 more than you actually need to be paying, when you can use a lawyer for £1200 all in.

Obviously... it's up to you what you want to do, but I think in this current climate its obvious you need to be frugal + get bang for buck.

Of course you can't cut corners with legals, investment instruments or cap table management etc, so be careful, but definitely shop around!

Again, no disrespect to @anthonyrose or the @seedlegals team (I really look up to him and respect what they're building)

Their platform service at £299 for the year is good value and more or less a no brainer.

So I definitely don't see an issue how that's priced. 💜 #Onwards