Technology Law · Startups & VC

Startup & Venture Capital.

End-to-end legal support for technology startups and investors: incorporation, shareholder agreements, seed and Series A/B rounds, term sheet negotiation, VC investment agreements, ESOP design, IP assignment and exit strategy.

8Jurisdictions Covered
4Languages
Fortune 50 GC experience
Our Managing Partner has served for eleven years as General Counsel to a Fortune 50 technology group, with responsibility across seven business lines and eight countries.
Dual-qualified: Greece & England/Wales
Our Managing Partner is dual-qualified in England & Wales and Greece, so English-law questions are advised on directly in-house. Court appearances remain before the Greek courts and international arbitral tribunals; English proceedings are conducted through instructed English correspondent counsel.
Publications and international speaking
The firm's lawyers contribute to leading international legal publications and are regularly invited to speak at international symposia.
Trusted by foreign embassies
A number of embassies in Greece — among them the United Kingdom, United States, Australia, France and Poland — refer their nationals to the firm.
Raising a round or structuring your startup?
Tell us what stage you're at and what you're raising. We'll tell you what actually needs to be in place before the term sheet lands.
Request Consultation
Overview Scope of Service Process Why Us FAQs

Startup & Venture Capital

Fundraising has legal mechanics
and commercial reality — you need both.

Founders raising a first or second round are often negotiating the most consequential documents of the company's life against a counterparty — the investor — who negotiates term sheets for a living. A lawyer who understands only the legal mechanics of a term sheet is not enough. What actually protects a founder is counsel who also understands the commercial reality of fundraising: which terms are market-standard and non-negotiable, which are negotiable but rarely pushed back on, and which are quiet red flags that experienced investors would not expect to survive a real negotiation. Founders who don't know the difference routinely accept terms they never needed to accept, not because the investor demanded it, but because nobody told them it was on the table. A startup lawyer in Greece fixes the structure before the term sheet, because diligence is the wrong moment to discover a defect.

The decisions made in a startup's first week routinely create the problems that surface at Series A. A messy founder equity split with no vesting schedule, an early contractor who was never asked to sign an IP assignment, a cap table that nobody updated after a SAFE converted — none of these look urgent when the company has three people and no revenue. They become urgent the moment a venture capital fund's due diligence team starts asking questions, and by then the fix is expensive, slow and sometimes impossible to do cleanly. Getting incorporation, founder agreements and IP assignment right in week one is far cheaper than untangling them under time pressure during a live round.

A term sheet has standard terms and it has red flags — the problem is that from the founder's side of the table, they often look identical.

The anatomy of a term sheet matters as much as its headline valuation: liquidation preferences determine what founders and early employees actually walk away with in a downside or moderate-upside exit, anti-dilution provisions decide who absorbs the pain of a future down round, and board composition determines who actually controls the company going forward. None of these are afterthoughts to be resolved later — they are set at the term sheet stage and are expensive to renegotiate afterward. The same is true of ESOP design: an equity incentive plan built as a genuine retention tool, sized and vested correctly, does far more for a startup's ability to hire and keep talent than one bolted on as paperwork after the round closes. Founder vesting and option pools are where a startup lawyer in Greece saves the most value at exit.

Week one matters
Early decisions compound at Series A
Messy founder equity splits, missing vesting schedules and gaps in incorporation documents don't matter until due diligence — then they matter a great deal.
Know what's negotiable
Term sheets have standard terms and red flags
Liquidation preferences, anti-dilution and board composition are all set at term sheet stage — knowing what's market-standard versus what's a red flag changes the negotiation.
Easy to miss
IP assignment isn't automatic for contractors
Unlike employees, contractors and freelancers don't automatically assign IP they create — a gap investors' due diligence teams are trained to find.
Design it properly
ESOP is a retention tool, not paperwork
An equity incentive plan sized and vested correctly is one of the strongest tools a startup has to hire and keep talent through a competitive market.

Scope of Service

From incorporation
to exit — every stage covered.

Incorporation & Founder Agreements
Structuring company incorporation, founder shareholder agreements and vesting schedules correctly from day one, so equity splits and IP ownership don't unravel at the first real diligence review.
IncorporationFounder AgreementsVesting
Core service →
01
Seed & Series A/B Fundraising
End-to-end legal support through a fundraising round — data room preparation, SAFE and convertible note structuring, and coordination between founders, investors (including EquiFund-backed VC funds) and their counsel.
Seed RoundsSeries A/BSAFEs & Notes
Core service →
02
Term Sheet Negotiation
Reading a term sheet the way an experienced investor reads it — flagging what's standard, what's negotiable and what's a red flag on valuation, liquidation preference and control terms.
Term SheetsValuation TermsNegotiation
Core service →
03
VC Investment Agreements & Shareholder Agreements
Drafting and negotiating investment agreements, updated shareholder agreements and ancillary investor documentation once a term sheet is signed, in Greek or English law as the round requires.
Investment AgreementsSHAsEnglish Law
Core service →
04
ESOP & Equity Incentive Design
Designing employee share option plans sized and vested as a genuine retention tool, with cap-table modelling that keeps the pool workable through future rounds.
ESOPCap TableEquity Incentives
Core service →
05
Exit Strategy & M&A Preparation
Preparing a startup's structure, IP position and contracts for an eventual acquisition or exit, and advising founders through the process alongside our M&A and Corporate Transactions practice.
Exit StrategyM&A ReadinessDue Diligence
Core service →
06

How We Work

A fundraising process built around your cap table, not a template.

STEP 01
Structure & Cap Table Review
Reviewing incorporation documents, founder agreements, vesting and the existing cap table to find and fix gaps before they surface in investor due diligence.
STEP 02
Fundraising Documentation
Preparing the data room, SAFE or convertible note documentation, and the materials investors will actually ask for once serious conversations start.
STEP 03
Negotiation & Closing
Negotiating the term sheet and closing documents — valuation, liquidation preference, anti-dilution and board composition — through to signing.
STEP 04
Post-Round Governance & Ongoing Support
Updating shareholder agreements and cap table records after closing, and staying available as board dynamics, ESOP design and the next round approach.

Why Pantazis & Associates

Counsel who has sat
on the other side of the table.

In-House · Fortune 50
Fortune 50 GC experience
Managing Partner Dionysios Pantazis has served for eleven years as General Counsel to a Fortune 50 technology group, with responsibility across seven business lines and eight countries.
Dual Qualification · International
Greece & England/Wales — English-law term sheets covered directly
Many VC term sheets and investment agreements for Greek startups are governed by or modelled on English law — SAFE and YC-style documents, English-law shareholder agreements for cross-border rounds. Dual qualification means these are handled directly, without a referral to a second firm.
Publications · Speaking
Publications and international speaking
The firm's lawyers contribute to leading international legal publications and are regularly invited to speak at international symposia.
Recognised · Real Deal Experience
Trusted by foreign embassies
A number of embassies in Greece — among them the United Kingdom, United States, Australia, France and Poland — refer their nationals to the firm.

Frequently Asked Questions

Questions about startups & venture capital.

What should founders set up correctly from day one to avoid problems at Series A?+

Four things matter most: a clean incorporation with a founder shareholder agreement that reflects what was actually agreed, a vesting schedule on founder equity, signed IP assignment from every founder, employee and contractor who has touched the product, and a cap table that is kept up to date as SAFEs, notes or early investments come in. None of this looks urgent when the company is three people in a room, and all of it becomes urgent the moment a venture capital fund's due diligence team starts asking questions. Fixing these gaps under time pressure during a live round is slower, more expensive and sometimes impossible to do cleanly — getting them right in week one is not.

What are the most common red flags in a VC term sheet?+

The terms that most often deserve a closer look are liquidation preference multiples above 1x, participating preferred structures that let investors double-dip in an exit, broad anti-dilution ratchets that shift disproportionate risk onto founders in a future down round, board composition that hands investors control disproportionate to their ownership stake, and vesting reset clauses that re-start founder vesting from zero at closing. None of these are automatically unreasonable — some are standard depending on stage and market conditions — but founders need to know which is which before they sign, not after. We read every term sheet against what is actually market-standard for the round size and stage in question.

Do we need a vesting schedule for founder equity, and why?+

Yes, and investors will ask for one even if you don't. A vesting schedule protects the company and the remaining founders if a co-founder leaves early — without it, someone who departs after three months keeps their full equity stake, which is a problem every investor's due diligence checklist is built to catch and every remaining founder eventually resents. Standard practice is a four-year schedule with a one-year cliff, though the specifics can be adjusted for how long founders have already been working together. Setting this up correctly at incorporation avoids an awkward and sometimes contentious renegotiation right before a round closes.

How does an ESOP actually work, and when should we set one up?+

An employee share option plan reserves a pool of equity — typically 10-15% of the company on a fully diluted basis — that can be granted to employees as options that vest over time, giving key hires a real stake in the company's growth rather than just a salary. It is worth setting up before your first substantial hires, not after, both because investors expect to see an ESOP pool factored into the cap table at the term sheet stage and because a plan designed properly, with sensible vesting and strike prices, functions as a genuine retention tool rather than paperwork nobody understands. We design ESOPs sized and vested to actually do the retention job they're meant to do.

Can you help negotiate a term sheet governed by English law, not just Greek law?+

Yes. A significant share of VC term sheets and investment agreements for Greek startups are governed by or modelled on English law — SAFE and YC-style documents, English-law shareholder agreements built for cross-border rounds with international investors. Dual qualification in Greece and England/Wales means these documents are handled directly under a single instruction, without a referral to a second firm for the English-law side of the deal, and without losing time translating between two separate legal teams working from two separate playbooks.

Related Services

Other services founders need.

Raising a round or structuring your startup?
Let's get the foundation right.

A confidential conversation about your cap table, your term sheet, and what actually needs to be in place before investors start asking questions.