When is it really worth registering an industrial design?

The shape of a package, the finish of a product, the design of a piece of furniture, the aesthetics of a lighting fixture, or even the interface of a device can become a company’s main differentiating factor. This visual identity, built through time, investment, and creativity, also has economic value and, like any other business […]

Raising capital without losing control: the balance between funding and corporate governance

Raising capital means, by definition, sharing ownership of the company. The entry of investors results in dilution and the incorporation of new shareholders with influence over the business. In many startups, negotiations focus almost exclusively on valuation and the amount of investment. However, the real impact usually lies in the rights attached to that investment […]

Down rounds and defensive dilution: when raising capital means losing value

In a startup’s lifecycle, funding rounds are often seen as positive milestones. Each new investment provides resources for growth and, typically, a valuation higher than the previous one. However, in more demanding market conditions or when growth fails to meet expectations, what are known as down rounds can occur—that is, funding rounds carried out at […]

When not to raise investment: growing with your own resources is also a valid strategy

In the startup ecosystem, the idea has become widespread that raising investment is a natural and even necessary step for growth. Funding rounds are often interpreted as signs of success, and many companies plan their development around capital raising. However, not all business models require external investment, and in some cases, raising capital can introduce […]

What protects an investor’s rights and what protects the founder?

The rights in an investment round are not a legal whim, but an explicit allocation of risks. The investor seeks to protect capital and ensure influence in adverse scenarios. The founder, for their part, aims to preserve operational control, execution speed, and their long-term economic incentive. When both protections are aligned, the shareholders’ agreement reduces […]