VenturePunk: Lunch to Product Market Fit

Company

VenturePunk is a Web3 product studio focused on innovation and rapid experimentation in the areas of decentralized finance and digital culture.

Challenge

When we met the team they had just incorporated on AngelList and they were looking for legal support to help them raise their Pre-Seed round, hire a team, manage their cap table, negotiate contracts, and draft terms of service and privacy policy.

Solution

VenturePunk opted for our General Counsel- Launch service. We helped close their $1.2M Pre-Seed round with top tier VCs and Angels on SAFEs (which included a complex token side letter). We drafted custom template contracts for them to use. We managed their cap table on AngelList and negotiated key contracts with partners and vendors. Additionally, we drafted terms of service and privacy policies for cutting edge Web3 products. Lastly, we offered strategic advice for the CEO as he was facing pivotal decisions. We did all of this for a simple flat monthly fee, which helped them manage their burn rate while growing.

Impact

Ultimately, VenturePunk was able to find clear product market fit for their product. We continue to support the team as they continue to scale.

I am so grateful to have Westaway as my lawyer! They have been a true pleasure to work with from the very beginning. Their friendly demeanor made me feel comfortable and at ease, and their easy-to-understand explanations helped me navigate the legal process with confidence. I also really appreciate Westaway's flexibility when it comes to payment options. They have been very accommodating and have worked with me to find a solution that fits my budget. Overall, I have had an excellent experience with Westaway and plan to continue using their legal services in the future. I highly recommend them to anyone in need of top-notch legal representation.

Jordan Lyall, CEO or VenturePunk

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Manifesto

We see the world as it could be. We resolve to make change happen. Not content to wait for better times, we strive to lay foundations now. We know that a brighter future is built by the adventurers, people like you and me, who are on the ground charting new territory, motivated by passion and committed to execution.

We believe in the power of the marketplace to generate positive social and environmental change. We believe that the best solutions to complex challenges create long-term prosperity, not only financial but also social and environmental.

We are in this together.

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