kindrik partners Archives

having a say on directors protecting their residential addresses

in a nutshell Submissions are now open for a bill that would allow directors of New Zealand companies to keep their residential addresses private if they have concerns about their own safety or the safety of someone they live with. We have worked with people who have legitimate safety concerns about their residential address being […]

key issues when structuring ESOPs

Employee share option plans (or ESOPs) are a key tool for Kiwi startups to incentivise staff and hire talent when funds are tight. We’ve put together this guide to help you consider the key terms of your ESOP. If you want help on the process of adopting your ESOP, granting options and all the necessary […]

Deadlock in 50-50 owned companies

Mechanisms to resolve deadlock in 50-50 owned companies.

rolling closes on startup investments

How to deal with a rolling close in your startup investment documents

post-money convertible notes

Back in 2018, Y-Combinator (YC) updated their core investment instrument and launched what is now known as the post-money SAFE. We analysed the post-money SAFE back in 2020 – see our blog here https://kindrik.co.nz/blogs/a-primer-on-post-money-safes-in-new-zealand/. The main difference between a pre-money and post-money SAFE is that, on conversion, under the pre-money terms the calculation of the […]

10 questions to ask before taking investment from an “eligible investor”

Below you’ll find a checklist of 10 questions that you should be asking, if you are raising capital from NZ investors and are intending to rely on the eligible investor exclusion under the Financial Markets Conduct Act 2013 (FMCA) to bring on board one or more of your investors. background The questions reflect recent guidance […]

economic downturn and startup term sheets

The global economic downturn has inevitably hit the startup and venture capital ecosystem. Investors in startups, like everyone else, are impacted by falling stock prices and fund valuations, distracted from investing new money and busy supporting existing portfolio companies. These factors make it harder for startups to raise money right now. But for those startups […]