Category: Financing · Capital Reading time: 2 min Opening your cap table to a Business Angel can change the trajectory of your company. But everything depends on who you let in, on what terms, and with what instruments. Here are the real questions to ask yourself. What a Business Angel actually brings At best, a Business Angel (BA) isn't just a source of funds. They're an experienced entrepreneur who brings their cheque alongside a network, credibility and sector experience.

Category: Financing · BSA AIR Reading time: 2 min The BSA AIR has become the go-to instrument for early-stage fundraising in French startups. But many founders sign one without fully understanding what they're committing to. Let's demystify it. The problem it solves When a startup seeks its first financing — typically €50k to €500k — two tricky questions immediately arise: at what valuation does the investor come in? And how do you do this quickly and simply? Negotiating a va

Category: M&A · Exit Reading time: 2 min Selling a business isn't something you improvise. Founders who exit on the best terms share one thing in common: they started preparing well before the opportunity came knocking. Here's why — and how. Preparation is 80% of success When a serious buyer enters a sale process, they mandate their lawyers and auditors to scrutinise your business from top to bottom. That's the due diligence. Every irregularity, every poorly drafted contract,

Category: M&A · Acquisition Reading time: 2 min Acquiring a business is a marathon. There are moments where you can breathe — and moments where your lawyer is indispensable. Here's the roadmap of an acquisition, from first approach to closing. Step 1 — The approach and the NDA Before any information is exchanged, you sign a non-disclosure agreement (NDA). It may seem like a formality, but a poorly drafted NDA can create real problems if the negotiation falls through. This is