14 posts in this category
No SAFE, a notary appointment and a capital increase voted by the partners. How a first angel investment in a Spanish SL gets executed, and where it stalls.
Founders plan raises on anecdotes. The dated data says four to six months, dozens of investors, and meeting counts that separate winners far more than list length.
ENISA has certified more than 2,100 Spanish startups. What the label does for companies and investors, what it does not do, and why the angel deduction can skip it.
Why 15 to 25 companies keeps turning up as the angel diversification threshold, what the return data shows, and what it means for networks setting their pace.
The SAFE now dominates pre-seed, and the 2018 post-money version fixed the investor's stake. Here is where the dilution goes, and when a priced round is safer.
Spain's expat tax regime gets pitched as a hiring perk for anyone moving here. It is a narrow senior-band instrument, and below a certain salary it costs money.
Spain built a route for high-earning remote workers to live here. Three years of permits show where they went, and it was not evenly across the country.
Early-stage valuations just hit record highs, which reads as good news for founders. The last time this happened, the bill arrived about two years later.
The islands are better at starting companies than keeping them. The leak happens at one specific moment, and it is the moment local capital could fix.
Most startups do not return capital. That is the base rate, not the tail risk, and almost nobody, founder or investor, is prepared for what failing looks like.
On Mallorca, wealth means property. It is a reasonable instinct with one blind spot, and the fix is not to sell the house but to stop stopping there.
In Spain, a qualifying angel investment can return half its value through a tax deduction, up to 50,000 euros a year. The case for backing local startups.