In this episode of Conversations Over Coffee, host Bit Santos sits down with Jecky, the legal director at Kickstart Ventures. They tackle Jecky’s role within the company and his responsibilities. He also shares some of his ideas and perceptions into deal documentation, legal diligence, and giving support to portfolio companies. Stay tuned to be in the know of the inside and out of the legal aspects of the Philippine startup ecosystem.

Shownotes

Conversations Over Coffee podcast host, Bit Santos, welcomes Jecky Pelaez, Kickstart's Legal Director and member of the investment team. Jecky details his role at Kickstart, the transition he had from practicing law to working at a VC firm, and the legal considerations for startups in the Philippines. They also delve into various ways on how to raise capital, including convertible notes and safe notes. He stresses the significance of mastering equity dilution and keeping up a healthy balance between investor equity and other stakeholders. The importance of having a clean cap table and setting up the proper corporate structure for startups are also brought up.

Episode Highlights:

• Transitioning from law to VC - Transitioning from law to venture capital (VC) can be an exciting and fulfilling career move for individuals who are eyeing to widen their horizons and explore new opportunities just like Jecky, who made the transition from practicing law to working at a VC firm, Kickstart Ventures.
• Understanding different ways to raise capital - Jecky understands the importance of familiarizing oneself with different methods of raising capital and the legal implications that go with it.
• Convertible notes can introduce complexity - One method of raising capital that founders often consider is through convertible notes. Convertible notes are a type of debt that can be converted into equity at a later date. While convertible notes have certain benefits, like speed and simplicity, they can also bring complexity into the fundraising process.
• Corporate structure considerations for startups - There are various aspects of corporate structure for startups, focusing on the importance of strategic planning and decision-making. Three key considerations are pointed out. First is the need for a Holdco entity at the very start of a company. Second, the location of operations and potential markets. And the third, the source of investment capital as an important factor in determining the corporate structure.

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