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Man, what's with the x-axes in those graphs? Yikes those legal fees are astoundingly high. Any particular reason why? Really great post, thanks for sharing it.

• littke 12y ago
  Hehe, they're weeks man! It's a bad habit we use in Sweden to always refer to weeks by number: http://www.timeanddate.com/calendar/?country=21 http://www.timeanddate.com/calendar/?country=21
  • instakill 12y ago
    oooooooh. Now I feel silly.
  • dyeje 12y ago
    Ah. It's pretty confusing without digging for an answer. Maybe change that?
    • littke 12y ago
      Interesting, OK. Did you see the 'Week' label next to the X-axis?
• deleted 12y ago
  [deleted]
• datacarl 12y ago
  (co-founder here) The lion's share of those costs are related to drafting the investment agreements. It is a lengthy process if you want to do it properly, especially if you haven't done it before. Usually you sign a term sheet first that roughly outlines the content of the agreement. The devil is in the details though, so the full agreement may take a couple of weeks to finish. Then there is due diligence, option pool, and a bunch of other stuff to consider before the deal is sealed.