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Update eu-acc.mdx
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andreasklinger authored Apr 30, 2024
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Expand Up @@ -143,7 +143,7 @@ In the US I receive an email with a [document signing link](https://documenso.co

*“But if the deal is good enough it’s worth the effort…”*

That’s not the reality of early stage investing. If someone invests $30k to help you they don’t want to spend another 10-15k on lawyers trying to figure out how legal details in Slovenian OODs work. Fun-fact there are no Slovenian OODs. Those are in Bulgaria, but I bet you knew that. Or was it SRL? BV? SpA? AB? SA? OÜ? UAB? EhF? Cheese how different can they be. I mean… we will find out latest when a bigger investor wants to come in, and freak out about local differences right?
That’s not the reality of early stage investing. If someone invests $30k to help you they don’t want to spend another 10-15k on lawyers trying to figure out how legal details in Slovenian OODs work. Fun-fact there are no Slovenian OODs. Those are in Bulgaria, but I bet you knew that. Or was it SRL? BV? SpA? AB? SA? OÜ? UAB? EhF? Geez how different can they be. I mean… we will find out latest when a bigger investor wants to come in, and freak out about local differences right?

*“Well then one arrogant investor does not invest… who cares.”* A portfolio company of mine had the best EdTech angel onboard. The best. In the world. People joined the round because of him. He jumped out of the round realizing the company is a GmbH and he knew this wouldn’t be done in the 2 weeks before xmas as an American investor. The follow-on investor was good. Would it have been better if they would had played on “internationally best investors approve this” level? Who knows.

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