Startups, inception to scale

The compliance discipline that matters shifts by stage: incorporation and cap-table hygiene at formation, ESOP valuation and FCGPR filings once foreign capital and option pools enter the picture, and full diligence-grade financial reconciliation by the time a priced round is in motion. Most of what derails a round isn't eligibility, it's a gap from an earlier stage surfacing during diligence at a later one: the pattern behind three of the four case studies linked below.