Both Sides of the Table
JANUARY 21, 2010
I recently read a post over on VentureHacks titled, “ Top Ten Reasons Entrepreneurs Hate Lawyers &# written by Scott Walker (who blogs on legal issues for entrepreneurs ). Shame about not getting it in legal writing that you owned the original IP. I know that people have an allergy to lawyers out of fear of being screwed.
Both Sides of the Table
FEBRUARY 23, 2015
For some aspiring to be tech entrepreneurs, I often suggest a two-step process, as I argued in this post that “ The First Startup Founder You Need to Invest in Is You.” There is often money to be made in finding places with under-valued IP. We looked at the IP and realized it was highly differentiated / hard to replicate.
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The Startup Magazine
JUNE 26, 2020
Incorporating your business is needed in order to establish a legal separation between the individual entrepreneur(s) and the business itself to prevent personal liability for the business’s debts. Startup lawyers specializing in intellectual property (IP) can help you file relevant patent applications. Incorporation.
Both Sides of the Table
MAY 2, 2015
It’s the nature of most entrepreneurs, honestly. Another thing entrepreneurs f**k up? Most entrepreneurs would like to stick their heads in the sand or would rather hear fingernails on chalkboards (there still are chalkboards, aren’t there?) Stock option top-ups after a few years are vital retention mechanisms.
Both Sides of the Table
SEPTEMBER 18, 2014
At an accelerator … Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago. Your A round?
Both Sides of the Table
AUGUST 17, 2009
I often talk with entrepreneurs who are kicking around their next idea. To the best of my knowledge US law allows you to work on your own resources and in your own hours and let you personally own your IP. But these people seldom make retirement money from the stock options on these companies. Make sure you own your IP.
Gust
SEPTEMBER 17, 2014
Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago. It’s like we need a finance 101 course for entrepreneurs.
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