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It depends (no more).

Legal strategies for founders and investors in Swiss SaaS & Deep Tech ventures that:

Eliminate Venture Killers

Our Expertise

Deliver Legal ROI

Our Approach

Trusted by leading founders, investors and ecosystem partners

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Meet the Founder

Combining deep legal expertise with entrepreneurial insight to enable founders and investors to build lasting ventures.

Marco Fehr - Founder Portrait

Marco Fehr

Founder & Managing Partner

I started my own business while still at university and have been growing in the startup world ever since. Along the way, I've seen ventures from every angle: as a founder and first employee, as a legal partner to ambitious entrepreneurs and investors and as an early-stage investor myself. This mix gives me a unique perspective on what truly drives venture success.

At Fehr Legal, our top priority is providing actionable advice based on real-world data and case-specific circumstances. We usually start from what is “market standard” and only deviate when data or specific context indicate that alternatives are worth exploring. This approach allows most legal matters to be resolved quickly, using proven templates and reserving customization for edge cases or when it truly matters.

In recent years, I've helped founders and investors resolve complex stakeholder disputes, structure financings and follow-on rounds, and protect ownership in high-stakes negotiations. My mission is simple: legal advice that delivers measurable ROI.

Marco Fehr Signature

Who We Work With

For the bold minds building and funding Swiss SaaS & DeepTech.

We speak in numbers and probabilities, not legal jargon.

We are a fit if:

  • You're raising or investing in Swiss SaaS & Deep Tech ventures from Pre‑Seed to Series B.
  • You value practical, outcome‑driven guidance over academic theory or endless "it depends."
  • You make decisions based on data and probabilities and expect your legal counsel to do the same.
  • You want clarity, speed, and ROI‑measurable results in every deal you close.

Client Profiles

Daniel Koss

Daniel Koss

Former top-ranked gamer turned entrepreneur and investor. Built Switzerland's first influencer marketing agency and created Creable, the world's largest influencer database with 300M+ profiles. Today, Daniel runs Koss Capital, a private fund investing in AI and technology infrastructure, backing portfolio companies with both capital and media reach.

Why Most Legal Support Fails Startups

Growing companies need legal support that adapts with them.

No clear guidance when a decision is needed.

You ask your legal counsel for a decision and get a memo or - even worse - "it depends" as a response. No recommendation, no go/no‑go, no next step.

Legal advice that ONLY works on paper.

Your lawyer provides textbook answers that collapse in real‑world settings because they ignore time constraints, budget limitations, case specifics, and venture market norms.

Time delays that kill your startup.

Waiting weeks for legal feedback puts your plans on pause and your investors waiting.

Legally sound advice that turns into poor business decisions.

Dead equity and dilution problems arise when no one on the legal team has the business insight or cap table experience to flag them early.

Misaligned incentives and the principle-agent problem.

In practice misaligned incentives and the principal–agent problem show up as slow blame-averse guidance when what you need is opportunity-driven advice.

The Fehr Advantage

We deliver actionable, data-backed legal advice grounded in our 4-Pillar ROI Framework, probabilistic modeling, and years of experience in the venture industry.

4-Pillar ROI Framework

Capital Efficiency

Cost savings today and later.

Time Efficiency

Time savings today and later.

Wealth Creation

Building long-term company value and personal wealth.

Risk Management

Preventing venture failure.

What This Looks Like in Practice

Legal Modeling

Legal risks are business risks. We quantify both.

Deliverables include: Cap table scenario models, outcome trees illustrating different negotiation strategies, term sheet clause-impact analyses identifying key value drivers, and risk concentration maps highlighting potential venture killers.

Eliminating Deal Breakers

Success has no single formula but failure follows patterns. We help you circumvent those patterns.

Deliverables include: Deal breakers audits, remediation plans with clear next steps, and fundability-ready documentation for investors.

High-Conviction Decision Making

It's your venture. We don't decide for you.

We provide the context, patterns, and insights drawn from real cases to help you assess trade-offs, spot blind spots, and make high-conviction calls.

Deliverables include: Structured decision models, deal benchmarks, and probability-weighted risk assessments that make complexity actionable.

How We Serve You

Startups are hard and legal is just one piece of the puzzle. Our role is to make that piece align with your business strategy and company stage.

Eliminate Venture Killers

We find and fix the legal & structural risks that make startups unfundable or unscalable.

Co‑Founder Alignment & Reverse Vesting: Define roles, cliffs, buy‑backs, and clear decision rights.
IP Assignment & Protection: Ensure code, patents, and inventions belong to the company, including contractor/IP chains.
Dead Equity & Cap‑Table Hygiene: Spot dilution traps and unclear ownership or control structures.
VC‑Ready Structure: Share classes, capital band/authorized capital, investor‑grade housekeeping.
Dispute & Compliance Risk Check: Flag litigation/contract risks that block rounds or exits.
Run a Red-Flag Review
Venture Financing Built To Scale

Ownership and control drive venture outcomes. We design both to maximize expected value for founders or investors.

Cap‑Table Design & Vesting Modeling: Three‑scenario simulations (founder‑friendly / neutral / investor‑friendly) to see dilution before you sign a deal.
Convertible Loans (CLA) & Equity Rounds: Term‑impact matrix. Focus on expected-outcome‑shifting levers (cap/discount, interest & triggers, MFN, pool, prefs, anti‑dilution, board).
ESOP/PSOP Setup: Right‑size the pool; Swiss tax/gov specifics; plan rules, grants, and admin built for future rounds.
Shareholders' Agreements: Protective provisions, drag/tag, information & pro‑rata rights, anti‑dilution without hidden control leaks.
Book a Cap Table Simulation

Pricing Philosophy

Pricing Principles: Fixed- and Value-Based Pricing

We do not favor traditional hourly billing.

That's why we've developed fixed and value-based pricing models for our core services that align with a company's growth stage and strategic priorities. We think this ensures that attorney-client incentives are aligned and that we have skin in the game.


How Pricing is Determined

1

Discovery Call

We assess your needs and objectives.

2

Scope Definition

We identify key deliverables, timelines, and next steps.

3

Proposal

You receive a fee quote.

4

Execution

We start executing.

Note:

Our approach to pricing doesn't make our services cheaper. It makes them more transparent and client-centric. We focus on quality, precision, and execution speed, not on time spent. You get legal expertise designed to drive real business results.


Standard Hourly Rates

Hourly rates still apply in specific situations where objectives, metrics or scope cannot be defined in advance.

Legal Rate

CHF 375

(excl. VAT)

Admin Rate

CHF 175

(excl. VAT)

Case Studies

Real situations, real outcomes.

Founder Departure after Series B

Context

"Max" reached out after deciding to leave a company he had built with his co-founder "Peter." Both founders owned roughly one-third of the shares, while the rest was held by institutional and corporate investors. According to the Series B shareholders' agreement, no founder vesting remained but a buyback clause at nominal value (!) applied if a founder voluntarily terminated their employment.

Challenge

The clause created an existential conflict. Max needed to avoid triggering the buyback clause, while Peter (and the investors) couldn't afford a departing founder holding one-third of the company. Emotions were high, trust was low, and the legal framework strongly favored the investors.

Approach

The first step was to de-escalate. We shifted the conversation from what's fair to what outcomes are realistic and what to optimize for. By mapping Max's priorities – reputation, liquidity, and future upside – and modeling several scenarios under the existing shareholders' agreement, we identified which trade-offs created the best expected value.

Outcome

After structured negotiations, the parties agreed on a buyback of 15% of Max's shares. Peter could reallocate equity to new key hires, investors saw a stable transition, and Max preserved his reputation and network. Both of which he now leverages in new ventures.

Insight

Dead equity kills startups. But fairness is often the wrong question. In co-founder departures, clarity about priorities and expected outcomes matters more than perfect information.

Client Testimonials

"Dear Mr. Fehr, I have to thank you [...]. In my opinion, you do an excellent job, as I can see from our collaboration and the results, but also from the comparison with other lawyers we have worked with. I think your work is characterized in particular by the highest level of precision and reliability, but also by your knowledge of interpersonal dynamics and a general intelligence and competence across the board. That is a rare combination."

C.R.

Your Next Move Starts Here

Start a conversation to explore how we can support your vision.

Your Next Move

Schedule a 30-minute consultation to discuss your needs

Direct Contact

Location
Lättichstrasse 6, 6340 Baar, Switzerland

What to Expect

1
Initial Consultation
We'll discuss your situation and identify key priorities.
2
Agreement on Scope and Pricing
We provide a summary of key deliverables and a fee quote.
3
Execution
We start executing.

Not Ready to Make a Move (Yet)?

That's completely fine! Most great decisions start with deliberate information gathering.

Here are two simple ways to stay connected and keep learning:

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Learn More

Explore the fundamentals of early-stage venture financing at www.convertibleloans.ch.

Visit convertibleloans.ch

Frequently Asked Questions