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You can use your term sheet to talk to your firm about fees. Your VC will have a number in the term sheet to address their legal fees. Your should be somewhere
by nwenzel 12y ago
You can use your term sheet to talk to your firm about fees. Your VC will have a number in the term sheet to address their legal fees. Your should be somewhere in the 1.25-1.5x neighborhood of that number. More if your books aren't organized and your records are all over the place.
$30-$40k is probably right in a lot of cases (if you touch HIPAA, Crowdfunding, Bitcoin, issues you'll need to bump those numbers up).