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I Have no experience in the US, but at least for Germany, that won't work because the fees for lawyers, notaries etc will eat that investment completely. You ca
by luckylion 6y ago
I Have no experience in the US, but at least for Germany, that won't work because the fees for lawyers, notaries etc will eat that investment completely. You can usually calculate 5-10k€ in external fees only, never mind the time and energy you spend on the talks. Doing a very small round just doesn't work.
> Could a tech company automate the shit out of all the toil involved with VC deals and do VC-funding-as-a-service?
At least for Germany: no. Things like notary fees are pretty fixed, and you can't do that stuff without them (well, you can, but than it'll basically be "here's money, please don't screw me as I have zero ability to enforce anything").