Suggestions
Austin Harms
Startup and Venture Capital Attorney @ Startup Venture Advisors
Austin Harms is a seasoned business lawyer and the Managing Partner at Startup Venture Advisors, specializing in high-growth startups.1 With over 8 years of experience in corporate law, he advises founders, investors, and directors on various aspects of building and scaling businesses.1
Expertise and Services
Austin's areas of focus include:
- Formation and early-stage company setup
- Fundraising (equity, debt, and SAFE financings)
- Mergers and Acquisitions (M&A)
- Corporate governance
- Privacy matters (CCPA, GDPR, COPPA)
- Commercial agreements
- Intellectual property
- Employment and tax matters
- Equity compensation
- Securities laws
- Restructurings1
He serves clients across various industries, including e-commerce, artificial intelligence, agriculture and food technology, gaming, and companies working on climate crisis solutions.1
Professional Background
Before founding Startup Venture Advisors, Austin was a Counsel at Perkins Coie LLP for seven years, where he advised over 150 early-stage companies and investors.1 He holds a JD (Juris Doctor) and has been a member of the California State Bar since 2016.1
Austin brings a practical, commercially-oriented approach to legal services, drawing from his experience as an entrepreneur.1 He offers both support to companies with existing legal teams and serves as an "outside" General Counsel for companies without internal legal teams.1
Highlights
I don’t think founders take enough advantage of their attorneys. Not in terms of contracts. In terms of strategic advice.
If you’re like most early stage founders, it’s your first rodeo. You’re navigating a maze without a map, and don’t have many people you can lean on.
You might have an advisor or two. But 1) those people often have industry expertise but not company building expertise. And 2) they often negotiate equity as part of the deal. Which is cheap in the beginning but expensive relative to their contributions – at least if the startup is successful.
Once you raise, you might have savvy investors with dozens of investments to their credit. But while they certainly will give you strategic advice on many issues, they are NOT on your side of the table when it comes to negotiating term sheets or other issues. Their responsibility is to their LPs, not you.
A great attorney has seen tons of deals from your side. They can help you think through the implications for various terms or strategic decisions. Implications that can be hard to see at the outset, but might have material consequences down the road.
At the early stage, they are usually your strongest and most experienced ally. And while monitoring burn makes sense, it’s a huge missed opportunity to lean on them for contracts and little else.
Find an attorney you trust with a strong background in helping startups. And don’t be afraid to use them.
