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General Counsel Audit: A Game-Changer for Startup Due Diligence

In the fast-paced world of startups, securing funding can be a daunting task for founders. To facilitate this process, General Counsel Audit™ (GCA™) has emerged as a groundbreaking tool designed specifically for startup founders, lawyers, and investors. This innovative tool enables users to conduct a rigorous due diligence assessment in just 20 minutes, allowing for a more efficient and streamlined funding journey.

What is General Counsel Audit?

General Counsel Audit is a comprehensive due diligence tool that empowers founders to identify and mitigate potential deal-breaking surprises before they enter fundraising rounds. By providing a platform for quick assessment, it helps founders gain insights into how their startup is perceived by investors and to align their priorities accordingly.

For Founders: Instant Insights and Prioritization

The GCA tool is uniquely tailored to assist founders in evaluating their intellectual and governance frameworks swiftly. After answering 91 yes/no questions, founders receive an immediate GCA Audit Report, which includes:

• - A GCA Score covering vital areas such as governance, team composition, equity grants, intellectual property, and regulatory compliance.
• - Highlights of strengths and gaps, along with prioritized action items.
• - A roadmap that guides the startup towards enhanced attractiveness to investors.

Moreover, founders benefit from a 60-day free resubmission policy, offering them the opportunity to address any identified issues and improve their GCA Score with no additional charge.

For Counsel: Optimized Client Onboarding

For legal advisors working with startups, GCA acts as an indispensable resource during onboarding. The tool produces detailed reports that reveal legal and governance deficiencies, which can initiate productive discussions between legal counsel and their clients. This can ultimately lead to proactive measures that close legal gaps and ensure stronger governance frameworks.

For Investors: Enhanced Decision-Making

For investors—including angel networks, venture capital firms, family offices, and startup accelerators—GCA offers a swift and informed approach to diligence. By inviting founders to complete the GCA survey and share their audit results, investors can quickly pinpoint potential risks and necessary improvements in startups. This process leads to more strategic investment decisions and mitigates the likelihood of unpleasant surprises post-investment.

Affordable and Accessible

The GCA tool is priced affordably at $49.95 for single-use audits, with cost-effective plans available for multiple audits ranging from 5 to 20 uses. Currently, the tool is optimized for U.S. corporations, ensuring it addresses specific regulatory and operational contexts relevant to the American startup ecosystem.

The Visionary Behind GCA

The founder of General Counsel Audit, Paul Swegle, is a seasoned startup lawyer and law professor with extensive experience in guiding startups through legal challenges, governance, and fundraising. His mission with GCA is to empower founders, attorneys, and investors alike by simplifying the complexities associated with due diligence, thus contributing to a more robust startup landscape.

To learn more about the General Counsel Audit tool or to begin your journey towards securing a successful fundraising campaign, visit GeneralCounselAudit.com or reach out via email at [email protected].