Remove Accredited Investor Remove Cofounder Remove Software Review Remove Vesting
article thumbnail

The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

Mistake #3 : not setting-up vesting schedules (at 17:19). Mistake #5 : not doing your due diligence on potential investors (at 38:36). different perspective as a lawyer (lots of phone calls from founders with problems). Mistake #3: Not Setting-Up Vesting Schedules. Up-front vesting possible.

article thumbnail

The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

i) Rule 506 preempts State law, which means all you have to do is file a Form D and pay a filing fee; and (ii) no disclosure requirement/PPM Possible to sell to “friends and family” (e.g., issues to address include: How have they treated their other portfolio companies? (i)