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Signed Term Sheet

ithacaVC

It involved Company X finding a technology lead during our process. Also, during the process, we had to clean up the company’s cap table and make sure that we all agreed on who owned what on a pro forma pre-money basis. Without having a complete pre-money cap table, it is impossible to calculate a share price.

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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

Some firms provide tools to model investment, e.g., Capital’s Cost of Equity estimator ; Lighter Capital’s Cost of Capital Calculator ; Indie VC’s Cap Table Comparison Model ; 645 Ventures’ cap table simulator ; and Bootstrapp.co’s Comprehensive Cost of Capital Calculator. Technology-centric businesses.

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How to Work with Lawyers at a Startup

Both Sides of the Table

When to get a lawyer - If you plan to be a venture or angel backed technology company (what I mostly write about) the best time to start meeting and getting to know lawyers is long before you ever start your company. Shame about not getting it in legal writing that you owned the original IP. Many people start companies arse backwards.

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Making Decisions in Context

Austin Startup

Your Cap Table is something that deserves constant care and attention. Messy cap tables can come back to haunt you when you do a financing or sell the company. If you’ve got patent or other IP needs, you may want to engage specialists in those areas. Keep the valuations consistent with company progress.

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Startup Founder Agreements

blog.simeonov.com

It outlines key points of agreement between founders around IP ownership, equity ownership, vesting, etc. For example, without a clear vehicle (a company) to contribute intellectual property into, a founder who walks away may mean that the future company won’t own its own IP. An email would do. The FastIgnite one is two pages.

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The General Contractor for Startups

Austin Startup

When I mention this at technology gatherings where everyone in the room is bullish about the abundance of startup opportunities, this is greeted with some disbelief. (For more info, see the NY Times article on this September 20, 2017. I no longer use links for security reasons, plus this is all destined for print at some point.)

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