Startup Professionals Musings

MARCH 11, 2013

One of the first questions that I get from many entrepreneurs is “How should I set up my company to minimize my setup costs, tax liabilities, and risk of lawsuits?” Many entrepreneurs don’t realize that the tax entity election doesn’t have to match the legal entity. I’ll offer you a few simple rules of thumb.

LLC 234

LLC Nevada Delaware Limited Liability Company 234

K9 Ventures

MAY 14, 2011

This is probably the very first group that an entrepreneur who is starting out may approach for some funding for his or her idea. Angels : Angels are individual investors, who are investing their own capital and doing so on a part-time basis. Friends and Family : Or sometimes referred to as the 3Fs for Friends, Family and Fools.

Preferred Stock 125

Preferred Stock Seed Stage Incubator Early Stage 125

Startup Company Lawyer

MARCH 14, 2010

Founders Institute Plain Preferred Term Sheet (by WSGR – disclaimer, I represent the Founders Institute and was involved in drafting this document). My general opinion is that anything that makes the financing process faster and easier or otherwise educates entrepreneurs is a good thing. (A under $500K).

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Finance Software Review Term Sheet Liquidation Preference 70

www.quora.com

JANUARY 16, 2011

Find Questions, Topics and People Add Question Add Question Venture Capital Venture Capital Term Sheets Startups Term Sheets What are examples of good startup term sheets? Ivan Gaviria , Partner at Gunderson Dettmer [link] 1 vote by Anon User Here is the Gunderson term sheet for a traditional Series A.

Term Sheet 41

Term Sheet Startup Angel Investor Wiki 41

Both Sides of the Table

MARCH 21, 2010

As startup entrepreneurs we all want to work with them because having their name as reference clients makes it so much easier for marketing, PR, selling to other customers, fund raising and even recruiting. Let’s say you give a warrant to a channel partner to sell your product. Large companies can be strange sometimes.

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Warrant Dilution Startup Stock Options 298

Professor VC

JANUARY 17, 2008

I think the title of this post is a TV show, but fitting as there has been much debate in the venture community as to the whether angel investors are good or bad for entrepreneurs and VCs. One group charges entrepreneurs "an administrative fee" to present to the group. Touched by an Angel. Back to the panel.

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Pre-Money Valuation Angel Investor Angel Groups Valuation 28

Startup Company Lawyer

APRIL 22, 2009

Always looking for ways to better serve the entrepreneurial community, Wilson Sonsini Goodrich & Rosati is pleased to announce the release of the WSGR Term Sheet Generator , a publicly available online tool that allows entrepreneurs and investors to generate an initial draft of a term sheet for a preferred stock financing.

Term Sheet 39

Term Sheet Finance Preferred Stock Kentucky 39

Both Sides of the Table

APRIL 6, 2020

We have been advising a lot of entrepreneurs so I thought I’d “open source” some of the advice I have been sharing. Along with my partner Stuart Lander, who runs operations at Upfront and is a former lawyer, we have scoured through, debated and helped scores of companies make this determination. This is another misconception.

Programming 279

Programming Affiliate SBA Government 279

Up and Running

MAY 23, 2016

To give you a better idea of what entrepreneurs in this industry are thinking about during each phase of the startup process, I interviewed SaaS entrepreneurs from all over the world, including our own COO Noah Parsons. List key partners and resources you will need, and then list your core team as well as their roles.

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Software Review Software Delaware Forecast 74

thestartuplawyer.com

FEBRUARY 24, 2010

Entrepreneurs often believe their startup company faces legal threats from only external sources. Even so, I believe the negative experience can end up producing a better entrepreneur if he or she applies lessons learned to current and future startups. He obviously never launched a startup and got shafted by a co-founder.

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Cofounder Founder Preferred Stock Startup 40

abovethecrowd.com

FEBRUARY 24, 2015

Buying into such a notion is dangerous – dangerous for the entrepreneur and dangerous for the investor. As a simple example, many investors and entrepreneurs do not realize that coupon or discount use is a contra-revenue event when it comes to revenue recognition. You must subtract it from your top-line revenue.

IPO 40

IPO Liquidation Preference Valuation Technical Review 40

Board Effect

MAY 10, 2019

There’s the owner—maybe a partner or two—but unless employees are offered equity from the get-go, there’s typically not a whole lot of dilution. If shares are diluted before the company begins raising capital, tracking the dilution of equity in a cap table prevents conflict and misunderstandings later on down the road.

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Cap Table Liquidation Preference Dilution Liquidity Event 40

www.vccafe.com

MARCH 11, 2013

Venture Capital Cafe > Startup Resources (Updated Mar 2013). A group of Seedcamp entrepreneurs started a startup tools wiki for that purpose, and we thought it would be well suited here. Boilerplate Venture Funding Documents. National Venture Capital Association â?? Venture Hacks Angel List â??

Software Review 53

Software Review Technical Review Startup 53