Cofounder Due Diligence IP Software Review 
YoungUpstarts
FEBRUARY 14, 2020
by Kevin Manship , co-founder of Gamer One. Do your due diligence on market research. Facebook hasn’t said exactly how many VR headsets it’s sold under its Oculus brand, but Oculus co-founder Palmer Luckey says the number is “well over” 10 million units. Esports investments cannot depend on IP.
Both Sides of the Table
MAY 9, 2018
You race back to the office to tell everybody how well it went and you wait for the follow-up call to have a partners’ meeting or talk about term sheets or at least dip into due diligence. I left the meeting and had to attend a 3-hour board meeting where two founders have been fighting and each want the other one fired.
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David Teten
MARCH 14, 2018
Managers of VC funds typically want to grow their business aggressively, just like the founders we back. – Templatize the entrepreneurial process , by providing checklists, standardized agreements and other reusable code. Typically they get cofounder common equity, in addition to the preferred stock that a conventional VC gets.
Scott Edward Walker
SEPTEMBER 28, 2011
Question My co-founders and I are working on a cool new site, and we’ll be ready to launch in a few weeks. Otherwise, if one of the founders quits after a few months, he would take all of his shares with him. In short, this is a nightmare scenario – particularly if there is bad blood with the other co-founders.
Steve Blank
DECEMBER 7, 2009
As we were out looking for our Series B round, our company had gotten the attention of “name of big VC firm here” who wanted a play in enterprise software. During the due-diligence process, I sat down with one of the partners who pulled out a set of slides and asked me: ”Have you seen these?” Are These Your Slides?
BeyondVC
OCTOBER 13, 2004
To make a long story short, one of the co-founders of the company built the company’s software in his spare time. Well, you can imagine that down the line the company that the co-founder worked for could potentially claim rights to the IP. Today, the IP is about to get assigned in the proper manner.
Scott Edward Walker
FEBRUARY 1, 2014
Mistake #2 : not buttoning-down IP ownership issues (at 10:20). 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 #2: Not Buttoning-Down IP Ownership Issues. SEW/corporate lawyer.
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