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Wieczorek Stępień sp.p.

Practice area

Transactions & Financing

Term sheets, investment agreements, due diligence on the company and investor side, round structure, founder vesting, investor exit and M&A transactions.

The client’s problem

„We’re closing a round or selling the company — and I don’t know whether the wording in the documents will surprise me two years from now.”

An investment round is the moment when a founder has the least time and the most to lose. The fund arrives with a ready term sheet, time pressure and a team of lawyers on its side. You usually have none.

Our role is to even out that asymmetry. We translate every clause into the language of decisions: what it means in practice, what happens at the next round, and what happens at exit. We negotiate what can be negotiated and say plainly what isn’t worth defending.

We guide the company along the whole path — from the first SAFE or convertible loan, through later rounds, to an exit to a strategic or financial investor.

What we do

Scope in this area.

  • Term sheets and letters of intent — analysis and negotiation
  • Investment agreements (SHA, SSA) and round documentation
  • SAFEs, convertible loans, early-stage instruments
  • Due diligence on the company and investor side
  • Round structure, pre/post valuation, option pool
  • Founder vesting and protections
  • Liquidation preference, anti-dilution, control rights
  • Investor exit, M&A transactions, earn-out

How we work

Steps you know upfront.

  1. 01

    Diagnosis

    We read the documents and your context. We say where the real risks are and where it’s just noise.

  2. 02

    Strategy

    We decide what to defend and what to let go. Always in terms of your goals, not our convenience.

  3. 03

    Negotiation

    We talk to the other side. You make the decisions — we give you the full picture.

  4. 04

    Closing

    We finalise the documentation, watch the conditions precedent and the deadlines.

Related matters

From this area

  • B2B SaaS · Series ATransactions

    A round without losing control

    An aggressive term sheet with a path to founders losing operational control.

    OutcomeRound closed on time, the founder kept operational majority.

  • SaaS · ExitTransactions

    An exit to a strategic investor

    Founders were selling the company to a foreign investor, with a 3-year earn-out.

    OutcomeTransaction closed, earn-out secured with clear metrics.

Related insights

Worth reading

Lawyers

Who runs this area.

First step

Sound familiar? Let’s start with a call.

30 minutes, no strings attached. We will say plainly whether and how we can help.

Booking a call does not create a lawyer–client relationship.