SWEAT advisor options

Once upon a time, Swedish tech entrepreneurs had very few role models to engage as advisors in their startup journey. But that was a long, long time ago. Nowadays, there are lots of experienced founders and industry experts out there, who are willing to help other entrepreneurs.

Startup Funding Overview

This is a very brief and incomplete introduction to startup funding in general, and in Sweden in particular. In order to keep this overview pretty short, I’ve only focused on a few aspects of funding a startup, in particular different financing instruments for seed stage startups.

The Ultimate Guide to Stock Options in Swedish Startups

Since January 2018 there are new and more beneficial tax regulations for Swedish startups giving qualified employee stock options (“QESO”, Swedish: kvalificerade personaloptioner) to employees. This is a guide to the new law and how you can create stock options meeting the criteria for lower taxes First, a summary will give you an overview of the new law and the […]

Warrant Guide for Swedish Startups

This is a guide on how to set up an incentive scheme for employees using market level warrants (Swedish: teckningsoptioner) in Swedish limited companies (aktiebolag). First, a summary will give you an overview of the whole process and highlight some common mistakes. Next, we’ll discuss how Swedish warrants work and how to set up an option […]

Non-Disclosure Agreement

To be honest, NDAs (non-disclosure agreements) aren’t very useful in very early stages in the startup life-cycle. If you require an NDA from someone who you are about to pitch your idea to, they typically won’t sign it. Why not? Read Brad Feld and Mike Lincoln.

Employment Agreement

One might think that employments is one of those few areas where standard agreements already exist. I thought so too. Swedish law is pretty strict on what can and cannot be agreed between employer and employee, there are lots of legal precedent cases and the unions are strong in Sweden.

Shareholders’ Agreement Without Investors

Note: The ”Shareholders’ Agreement (without investors)” is the document formerly known as the ”Founders’ Agreement”. We have renamed it to avoid confusion since it is, in fact, a shareholders’ agreement. We elaborate more on the sequential relationship of our shareholders’ agreements here. When you join forces with your co-founders to start a new business, legal […]

Subscription and Shareholders’ Agreement

After you have agreed on the term sheet (signed or not), the investor will start the final parts of the due diligence while the subscription agreement (Swedish: investeringsavtal) and shareholders’ agreement (Swedish: aktieägaravtal) are drafted. When the due diligence is complete it’s time to sign the subscription agreement and shareholders’ agreement. We have a series […]

Term Sheet

Our term sheet is a balanced and standardized term sheet for your seed round. Both VC firms, angel investors, entrepreneurs and lawyers have been involved in the process of creating this new Swedish standard.

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