Allan Attali 
     Attorney at Law
     Avocat à la Cour

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