Thanks a lot for your feedback
but here we are talking about an equity deal not convertible notes...
Did you really issued new shares without a lawyer ?
Most of the investment were notes and I understand it is way easier - however the first investment from 500startups were shares. we signed on a SPA (stock purchase agreement) and did some other stuff as well. Most of it were done using Right Signature and quite fast to close.
The person on the other hand handling this process was not specifically a lawyer.
I hope this can shed some light - I'm not saying you can necessarily remove your lawyer from the equation but I am quite sure you could reduce that number to be non-significant.
Perhaps you should talk to 500startups :) They are doing lot of deals and I never saw them charge anything for the deal - they must be doing something right :)
Why do you need a lawyer, if you have standard documents already? Maybe this is something with the Europe / Israel legal framework that I'm not familiar with?
Nope, we need a lawyer everywhere to issue shares certificate and doing many other things.
Ok, that's interesting, but doesn't really answer the question. You don't need a lawyer in the U.S. for example. (You may want one, to make sure you're not shooting yourself in the foot, but that's what the standard docs are for. Never in these sorts of things is it actually required that you have someone with a law degree sign off on it in every instance.)