New Full Service Legal and Consulting Program for Start-Ups Seeking Funding
April 27, Silicon Valley, California - Rimon Law Group, Inc. and VCNegotiators announce a new program for start-ups aimed at both lowering the cost of professional services and increasing their access to capital. The program, called "Seamless Strategic Deals," is a part of the law firm's and the consulting firm's strategic partnership to provide start-ups with effective, affordable and seamless professional services for VC funding, legal services and other strategic deals.
The program was launched because the two firms have service models that are complementary. VCNegotiators assists companies in securing capital from venture capital funds, angel financing groups, private equity funds and corporate partners. By providing a broad spectrum of business consulting services, start-ups can develop integrated business and financing strategies at an affordable cost. Rimon Law Group is part of a growing trend of virtual law firms- a low-overhead legal services model that allows start-ups to get the expertise of senior attorneys at a price much lower than the junior lawyers that traditional law firms assign to smaller clients.
Jean Francois Gauthier, Managing Partner at VC Negotiators, explains, "Before it was relatively easy for start-ups to throw together a pitch and have a good chance of getting funded in a short period of time. Those days are over. Now companies need to have well-defined plans for raising capital, which usually requires leveraging the expertise of legal counsel and business consultants. For example, the smart start-ups are now focusing on strategic deals with corporate partners that will open the door to VC financing later in the year."
Mr. Gauthier continues, "Despite this greater need for help, most start-ups need to control their costs for professional services. Throwing money at traditional brokers, consultants and law firms simply is not an option for many companies. That's why we've partnered with Rimon Law Group, so that our business clients can get the most experienced lawyers at a much lower cost."
Yaacov Silberman, Managing Attorney at Rimon Law Group, explains, "In today's environment, start-ups cannot get funding overnight. The traditional approaches simply are not working. This makes it important for start-ups to have a business and financing strategy that is creative. We've partnered with VC Negotiators because they can help start-ups not only survive but thrive during this challenging business cycle. And that means our clients not only stay in business but position themselves for rapid growth in 2010."
The two companies designed the joint program to provide an integrated and seamless set of legal and business professional services to their clients. Mr. Silberman explains "In early economic environments it was possible to recover from a gap or other miss-step, but not any more. Our Seamless Strategic Deals program not only provides a higher level of service, it also does so at a lower cost so that companies can weather through the current economic storm."