Bridging the Gap Between Product Vision and Investor Risk

In ECVC, the deals that stall aren’t always the ones with weak market fit. More often, they’re the ones where structure didn’t keep up with vision.

Have you seen this before? Founders racing to ship product. Investors focused on risk and returns. Legal pulled in late to paper a structure no one aligned on.

That disconnect isn’t personal. It’s functional. It shows up when product, capital, and legal decisions aren’t working together.

We recently worked on a deal that looked solid. Great team, traction, smart use case. But the token was doing too much—compensation, governance, access. Each stakeholder saw something different. It didn’t kill the deal, but it slowed it down. Conversations shifted from growth to control.

Just because something looks market doesn’t mean it’s aligned. Just because it works in the deck doesn’t mean it survives diligence. And clean documents don’t mean the structure actually supports the business.

What Misalignment Looks Like

SAFEs and SAFTs stacked without modeling total dilution. Tokens doing multiple jobs with no governance logic. Foundations and Labs formed without clarity on who controls what. Cap tables that leave out fully diluted token economics.

Clarity Over Complexity

We help ECVC teams structure for execution—cap tables that hold up in real conversations, token plans that align incentives with governance, and dual asset models that still work under pressure. Structure isn’t overhead. It’s signal. It shows the team understands value, has thought through control, and is ready for diligence and scale.

One Last Thought

The strongest ECVC advisors aren’t just legal or commercial. They’re translators—between founder intent, investor terms, and regulatory limits.

That’s where we sit: at the intersection of intent, execution, and capital.

If your structure doesn’t yet match your story, let’s talk. It’s a lot easier to align early than fix it midstream.

And if you’ve seen structure save—or stall—a deal, we’d love to hear about it.

Featured

Salim Jones, Of Counsel

Mr. Jones represents emerging companies from formation and early-stage financing through later-stage growth and exit events, providing day-to-day legal counsel on corporate governance, fundraising, and commercial matters. He also focuses on corporate and securities law, including capital markets transactions, public and private M&A, and financial restructurings. His experience spans advising public and private companies, financial sponsors, and creditors on complex transactions and regulatory issues under U.S. securities laws and the Bankruptcy Code.

— Salim Jones | Counsel & Strategic Advisor · Connect on LinkedIn

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Anderson P.C. is a boutique law firm dedicated to defending clients in government investigations and securities enforcement actions initiated by the SEC, FINRA, DOJ, and other regulatory bodies. We provide focused, strategic counsel and regulatory guidance across the full spectrum of federal laws and regulations affecting broker-dealers, investment advisers, banks, asset managers, private funds, public companies, senior executives, and digital assets. Our deep expertise allows us to navigate complex legal challenges and deliver results-driven solutions tailored to our clients' unique needs.

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