Cooley vs. Gust vs. Stripe vs. Clerkly vs. Other (2021)

[silvyas]

I know this has been asked a couple times but the threads are mostly founders of Clerkly and Stripe debating. That's valuable info, but I know there are a ton of founders here on HN and I want to hear your actual stories.

What service did you use to incorporate? Would you recommend it? What advice would you give to a first time founder that wants to incorporate and start raising? (me)

[bigbossman]

Depends how far along you are. You can always hold off on incorporating until you have a term sheet or ready to get your docs signed.

Of your options: 1. If you end up taking legit money, you'll want regular counsel. Cooley is great.

2. Stripe Atlas is only $500 and takes a couple days. But as soon as you raise money, big law lawyers will update your agreements so you're back to step 1.

Also, remember. Most big law firms will offer you a fixed price for the initial incorporation and financing. Don't be afraid to ask.

[silvyas]

Thanks! Exactly what I'm looking for.

Interesting- most people don't say to go w/ a lawyer to start. Cooley has been great so far in consults. I thought Clerkly had tools for post-raise though?

What did you end up going with?