8 Things to Consider When Buying or Selling an Insurance Agency
New York Partner Zachary Lerner authored an Insurance Journal article on unique challenges to consider when buying or selling an insurance agency.
Read MoreTopic: InsurTech
InsurTech Weekly Roundup – March 29, 2019
While you were off changing the industry, you may have missed these important developments
Read MoreWhat Every InsurTech Should Know About Accountants
You have now raised capital initially using a Convertible Promissory Note and soon, your Series A Preferred Stock; you now have a Board of Directors with three members – and there may be five including one or more Independent Directors; you are further expanding your management team – and have established an Option Plan under which you can issue both ISOs and NQSO.
Read MoreInsurTech Weekly Roundup – March 22, 2019
While you were off changing the industry, you may have missed these important developments
Read MoreWhat Every InsurTech Entrepreneur Should Anticipate in Issuing Series A Preferred Stock
You are executing on your strategic plan; you have a fully developed product; you have expanded your team; you have deployed ALL the proceeds from your initial Convertible Notes; and you need additional capital to further scale the Entity.
Read MoreInsurTech Weekly Roundup – March 15, 2019
While you were off changing the industry, you may have missed these important developments
Read MoreWhat Every InsurTech Entrepreneur Should Know About Convertible Promissory Notes and SAFE Agreements
You have a strategic plan; You have an MVP; You have a Team; and You have an Investor!
Both you and the Investor believe in the potential of the Entity. What the exact “potential” is, however, still a matter under discussion.
You hope that the Entity will grow quickly and you will need to sell less equity for the cash you need to scale; the Investor wants to maximize its return – including being well compensated for investing early on and providing essential early-stage funding and support.
However, the truth is that you need money NOW!
What to do?
Read MoreLocke Lord to Co-Sponsor Term Sheet Workshop
The Firm will co-sponsor “Take It or Leave It: Live Term Sheet Negotiation from Both Sides of the Table” with the Hartford InsurTech Hub at the Spotlight Theater in Hartford, CT on March 28th.
Read MoreTop Ten Legal Issues Every InsurTech Entrepreneur Should Understand
You have a strategic plan, an MVP (minimum viable product), a management team, a place to work, and your first investor. But before you take that investment, there are some key legal issues you may want to consider before formally launching your InsurTech company.
Read MoreInsurTech Weekly Roundup – March 1, 2019
While you were off changing the industry, you may have missed these important developments.
Read MoreInsurTech
