Remove California Remove Cofounder Remove Founder Remove Vesting
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Entreprenuer Network

SoCal CTO

skip to main | skip to sidebar SoCal CTO Thursday, March 1, 2007 Entreprenuer Network Great post by Ben Kuo - The Importance of the “Network&# to Entrepreneurs - the informal connections between people in the technology industry here who have a vested interest in helping entrepreneurs take their companies to the next level.

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Founders Shares: How do you split them up?

www.copelandfirm.com

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Do It Right The First Time, Part II: Visit the Doctor or House Call?

Gust

Likewise, founders can benefit from understanding basic characteristics of the overall legal structure, formation and governance documents, rights and responsibilities of team members, etc. Determine who will serve on the Board of Directors and in executive officer positions (usually founders). Newco, Inc.”)

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Most Common Early Start-up Mistakes

Both Sides of the Table

These periods of time can leave a founder very vulnerable in the future. I don’t know 100% that this is true in all 50 states (if any lawyers read this please put notes in comments section) but I’m pretty darn sure that this is statuary law in California. That’s the difference between a founder and a non-founder.

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Beware The Consultant

infochachkie.com

Allow the consultant to invest in your future success; in lieu of cash, grant them equity in the form of Non-qualified Options that vest based upon the attainment of quantifiable goals; keep in mind that adverse tax consequences may be associated with such equity grants, so check with your accountant before deploying this form of compensation.

Equity 40
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The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

Mistake #3 : not setting-up vesting schedules (at 17:19). different perspective as a lawyer (lots of phone calls from founders with problems). Zuckerberg” problem – IP is not assigned to the company by the founders and/or third-party developers (including in foreign countries). Mistake #3: Not Setting-Up Vesting Schedules.

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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) Are they good guys or jerks? Can they be counted-on and trusted?