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4 Deadly Legal Mistakes That Startups Make

Scott Edward Walker

You also need to remember to file your 83(b) election with the Internal Revenue Service within 30 days after the grant/purchase date of the restricted shares (see tip #3 of my post β€œ Founder Vesting: Five Tips for Entrepreneurs ”). Any IP created or acquired by a founder (e.g., code, logo, domain name, etc.) IP Ownership.

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After the VC Term Sheet is Signed – It’s Not Over Yet

Genuine VC

But it also includes legal due diligence, rounding out the round with additional syndicate investors (often angels in seed rounds), figuring out allocations, as well as sometimes even (but hopefully not) additional business diligence for the institutional venture investors. Founder vesting is the most common example.