Patents & Seeking Investments - SAFE Notes vs. Convertible Notes w/Special Guest

J.D. and Matt interviewed Attorney Andrew Kussmaul with Kussmaul Legal, based in Texas. We talked about investing and how to raise money wisely for your startup. Specifically, Andrew walked our audience through the differences between a SAFE note and a convertible note, and how as the business owner, what to watch out for and how to avoid pitfalls along the way.
All three of us then critiqued a recent Shark Tank episode where a budding female entrepreneur was pitching her product, she called SafeGrabs. Matt gave his opinion on how the business owner appeared to have filed her own trademark, and while at first glance looked good that it was registered, there may be an issue because of single word vs. two separate word. J.D. walked the audience through the difference between utility and design patents and what might be possible for her product. Andrew chimed in with his opinion on how she may have offered WAY too much equity in exchange for only $75,000. Most investors end up giving away too much equity - and they should first seek counsel to help them as they grow and proceed to future rounds of funding.

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DISCLAIMER
Everything discussed on this podcast is for informational purposes only and not for the purpose of providing legal advice.