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The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

Mistake #5 : not doing your due diligence on potential investors (at 38:36). By the way, my favorite part of the video is when an entrepreneur (and former lawyer) walks in late to the workshop and acknowledges that she made the first three mistakes (at 33:14). Rule #1 : only sell “securities” to “accredited investors” – why? (i)

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The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

I hope you enjoy it. Cheers, Scott [link] Below is my personal outline for the workshop. 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.,