Pepper SEED™ is based on a holistic approach that combines the resources of an experienced, multi-disciplinary team into an affordable package for start-ups and early-stage companies.
The unique alternative fee structure includes access to essential legal documents and effective legal counseling. In addition, but for no additional charge, each company will receive mentoring in areas such as board development and management, business plan review, and investor relations.
The client pays an initial fee of $2,500, as a sign of commitment to the program. This fee is applied as a retainer against our initial counseling.
The firm provides the following documentation free of additional charge:
This basic documentation is not charged against the $2,500 retainer.
Customizations of these documents, as well as initial counseling, are billed at a 50 percent discount to our standard rates until the retainer is exhausted.
The firm will provide informal mentoring free of charge in areas such as business plan review, board development and management, and investor relations.
As a sign of our commitment to our clients, we attend regularly scheduled board meetings for companies in the Emerging Company Program free of charge. We believe that this enables us to understand your business better and develop an even closer relationship with you and your board members.
Through our extensive array of relationships, the firm will make introductions to angel groups, seed funds and venture capital funds. A description of the company will be included in our quarterly publication “CapitaLink,” which is distributed to investors across the country.
Ongoing Counseling and Other Services
Until the earlier of the company’s first significant financing or first 18 months of our engagement, we provide the following services at a 20 percent discount to our standard rates:
All other services, including litigation, are provided at a 10 percent discount from our standard rates.
If approved, the firm will defer payment of fees up to a maximum of $25,000. If the company is sold prior to the end of the deferral period, all deferred fees will become due.
After the company’s first significant financing or the first 18 months of our engagement, all of our services will be provided at a discount to our standard rates as agreed to and reviewed annually.
Phase II of the program is open to companies that meet the criteria, even if they have already received significant financing.