Agile VC

DECEMBER 4, 2014

Co-founder equity should have vesting periods (or lapsing repurchase rights) so if a co-founder departs substantially earlier than others, their stake in the business is accordingly smaller. Sometimes, however, there’s an existing code base that one co-founder brings.

Cofounder 173

Cofounder Equity Founder Sweat Equity 173

Both Sides of the Table

MAY 17, 2012

I’m fond of saying that I look for entrepreneurs that have a chip on their shoulder. I guess my thoughts are that if you’re part of the country club you have a vested interest in protecting the existing order and that disruption happens more from those that are on the outside wanting to change the rules. To be liked?

Vesting 336

Vesting IP Restful Entrepreneur 336

www.seriesseed.com

DECEMBER 9, 2012

It would be helpful to get a California standard employee manual, employee contract/agreements, IP ownership release to company, and confidentiality. Standard 1-way/bi-lateral NDA's, standard templates for an employee manual, employee contract/agreements, IP ownership release to company are on my wish-list too.

Finance 40

Finance Term Sheet Vesting LLC 40

YoungUpstarts

MAY 14, 2015

I’ve attended many IP seminars and conferences conducted specifically for businesses and they are generally always about Patents. Copyrights vest in literary, musical, dramatic and artistic work. While I’ve mentioned the basics of what each of the major streams of IP protect, there are instances where they overlap. Copyrights.

Intellectual Property 100

Intellectual Property IP India Vesting 100

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?

Venture Capital 417

Venture Capital Liquidation Preference Valuation Term Sheet 417

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. Make sure you own your IP. Founder vesting. Yesterday I wrote a blog posting on founder vesting (see here ).

Founder Vesting 365

Founder Vesting Intellectual Property Stock Options IP 365

Up and Running

OCTOBER 14, 2015

Going global with a startup or business is easier than it has ever been (although it still has its challenges), and for many winning entrepreneurs, their success has been attributed to their consideration toward international expansion right from the very start. See Also: International Do’s and Don’ts For the Traveling Entrepreneur.

Global 60

Global Intellectual Property IP Cyprus 60

Scott Edward Walker

OCTOBER 27, 2015

Set-up vesting schedules for the founders (see post here ) and file 83(b) elections with the IRS (see #3 here ). Button-down IP ownership and assignment issues (see post here ). v=N1A44ShZfWo. Incorporate in Delaware and qualify the company to do business in the state in which its principal office is located (see #2 here ).

Intellectual Property 40

Intellectual Property Accredited Investor Vesting Delaware 40

Austin Startup

AUGUST 20, 2017

Set any vesting schedules and expiration dates on roughly similar terms, if for no other reason just so you can track all of them correctly. Keep a close eye on your competitors but also on your peer entrepreneurs in your town; they provide the context relevant to you. Keep the valuations consistent with company progress.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Tim Keane

JANUARY 12, 2010

Please see later version of this post on May 16, 2010 Entrepreneurs are often not experts in the area of term-sheet negotiations and all of the surrounding issues.   Investors sometimes “present” the terms they’d like and expect the entrepreneurs to react. Term-sheets and Valuations: Thinking about Negotiations.

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

Gust

DECEMBER 8, 2011

I urge all entrepreneurs to consult and develop a good working relationship with a qualified startup lawyer. Determine the allocation of equity among co-founders, early employees or other service providers, and future contributors as applicable, as well as the vesting schedule , if any, that will apply. Caveat entrepreneur !

Intellectual Property 139

Intellectual Property Non-disclosure Agreement Delaware Stock 139

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.

Liquidation Preference 153

Liquidation Preference Valuation Term Sheet Stock 153

Scott Edward Walker

FEBRUARY 1, 2014

Mistake #2 : not buttoning-down IP ownership issues (at 10:20). Mistake #3 : not setting-up vesting schedules (at 17:19). By the way, my favorite part of the video is when an entrepreneur (and former lawyer) walks in late to the workshop and acknowledges that she made the first three mistakes (at 33:14).

Software Review 111

Software Review Delaware Accredited Investor Due Diligence 111

Scott Edward Walker

FEBRUARY 1, 2014

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?

Software Review 111

Software Review Delaware Accredited Investor Due Diligence 111

Scott Edward Walker

JUNE 23, 2011

Not only are there key contractual issues that must be buttoned-down (like vesting and IP assignment ), but also there is a minefield of laws and regulations that must be complied with. Introduction I love working with startups – and trying to protect founders and watch their backs. Many thanks, Scott.

Accredited Investor 82

Accredited Investor Sweat Equity Los Angeles Finder 82

blog.simeonov.com

FEBRUARY 22, 2010

Even if you are an experienced entrepreneur, you’ve probably only seen a few founder agreements in your life. In one case the CEO had a different vesting schedule because he had spent a lot more time than the rest of the founding team on the idea. There is some up-front vesting acceleration. The FastIgnite one is two pages.

Founder 44

Founder Vesting Agile Startup 44

Both Sides of the Table

MAY 5, 2011

I’m an entrepreneur at heart so I’m always inspired when I hear stories about innovation. It’s why my investment philosophy is called, “ the entrepreneur thesis.&#. Passionate Entrepreneurs & Ambassadors. You need to have passionate tech entrepreneurs who want to build businesses locally.

Seattle 317

Seattle Silicon Valley Technical Review Los Angeles 317

infochachkie.com

SEPTEMBER 24, 2011

Hands-on startup advice for emerging entrepreneurs. One of the best things about being an entrepreneur is that there are no rules. One of the worst things about being an entrepreneur is that there are no rules. The lack of rules and structure causes many entrepreneurs to work incessantly. infoChachkie. Uncle Saul.

Equity 40

Equity Silicon Valley Cofounder Technical Review 40

www.metamorphblog.com

OCTOBER 23, 2010

Home About Contact Home About Contact The Metamorphosis Becoming an Entrepreneur, by Matt Mireles Startup Lessons for the Proto-Founder I started SpeakerText in October 2008 during the financial apocalypse. Make sure you own all the IP created during this trial period, and make no promises for later. Vest, young man.

Founder 51

Founder Startup Cofounder Vesting 51

maplebutter.com

JANUARY 8, 2013

If you’re an Entrepreneur, you can do it from any place in the world. How important is education when I know I want to be an entrepreneur? When you are a young entrepreneur and you have a project (say a new age TV show) and you need to raise capital for the project. If you’re a young entrepreneur, than congrats!

Technical Review 44

Technical Review Startup Cofounder Software Review 44

Both Sides of the Table

FEBRUARY 10, 2011

In my ongoing quest to get you good transcripts of the wonderful interviews we’ve done in the past, I present you with one amazing interview here with Tom McInerney – a friend, co-investor, former entrepreneur turned angel investor and “wizard of Oz&# behind the scenes at the uber hot startup Klout. 0:28:00) & (0:31:27).

Angel Investor 302

Angel Investor Cofounder Southern California .Net 302

blog.expensify.com

APRIL 24, 2012

there are start ups who are legitimately using.net because they don’t need to look directly into the tcp/ip stack. Do you “entrepreneurs” really think a guy or gal that can compile Linux on a bicycle wants to write a secure payment processor on an iPhone, or a Flash app that runs on every browser? What did we do?

Java 107

Java PHP Software Review Coder 107