Remove Bankruptcy Remove Cost Remove Merger Remove New York
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New Plain Preferred Term Sheet

www.founderinstitute.com

August practices in the areas of mergers and acquisitions, securities offerings, commercial transactions, general corporate law and business bankruptcy. Legal costs are rising while venture returns are shrinking. The average Series A investment costs $50,000 in legal fees to close.

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Should You Really be a Startup Entrepreneur?

Both Sides of the Table

And also there are a large number of people who would like to do startups in theory, but have high cost bases (family, real estate, school loans, whatever) that makes it very difficult to take the kinds of risks required. I remember the New York Times wrote an interesting article about it. Making bank. King makers.

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The Yo-Yo Life of a Tech Entrepreneur – A Cautionary Tale

Both Sides of the Table

I flew from San Diego (where I was visiting for Thanksgiving) to New York to persuade investors to stick with us. We worked out a plan to merge our company with another European competitor, raise money from both sets of investors, cut the cost base and live to fight another day. We were weeks from bankruptcy.

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Should You Really be a Startup Entrepreneur?

Both Sides of the Table

And also there are a large number of people who would like to do startups in theory, but have high cost bases (family, real estate, school loans, whatever) that makes it very difficult to take the kinds of risks required. I remember the New York Times wrote an interesting article about it. Making bank. King makers.