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Ask HN: Anyone raised capital directly into a German UG entity?
- L_226 4y agoHi, I am looking at incorporating my startup using the German UG entity [0]. I currently do not have enough cash to form a full fledged GmbH (€25,000 + costs). I am curious if anyone has raised outside VC into their UG company and what the process was like? Specifically I would like to know if you created a custom Musterprotokoll (articles of association) from the start, and/or if you needed to alter these during the VC raising process. Should I attempt to get some kind of pre-incorporation term sheet from potential investors, and just add them as shareholders immediately during incorporation? Should I just make a Delaware C Corp? I live in Berlin, my company is (will be) doing direct air carbon capture. Feel free to email me directly, email is in profile. Thanks! [0] - https://www.ihk.de/berlin/english/en/s-987416/starting-a-business-in-berlin/ha-mb-gmbhs-and-ugs-with-limited-liability-4339898 https://www.ihk.de/berlin/english/en/s-987416/starting-a-bus...