article thumbnail

Can You Replace Lawyers With Software?

The Startup Magazine

A business runs on diligence, passion, and creativity — but it also needs a whole lot of legal help. You need lawyers to help you with incorporation and IP creation. Thus, as with many other expensive aspects of starting a business, many entrepreneurs like you are turning to software. The Issue of Artificial Intelligence.

article thumbnail

Artificial Intelligence and Machine Learning– Explained

Steve Blank

You succeed in convincing one company and a government to adopt computers and learn to code much faster than their competitors /adversaries. But they herald a sea change in what computers are capable of doing, how they do it, and what hardware and software is needed to do it. Classic Computers – Software Updates, New Features.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Dear Founders: Here Are Three IP Mistakes to Watch-Out For

Scott Edward Walker

Over the past six months, my firm has been engaged by a number of startups with significant intellectual property (“IP”) problems. In a couple of cases, the founders played lawyer on their own; in the other cases, the founders either used (i) a Web service that did not address IP issues or (ii) an inexperienced law firm.

IP 52
article thumbnail

How to Scale a Venture Capital (or Private Equity) Fund

David Teten

– Templatize the entrepreneurial process , by providing checklists, standardized agreements and other reusable code. Sophisticated VC and private equity funds have a wide array of options for leveraging outside operating executives. – Create a franchise and license access to it , e.g., the Draper Venture Network.

article thumbnail

Opinion: It’s a startup world

NZ Entrepreneur

Remuneration will reflect the stage of the startup but it’s generally at a rate of about $500-1000 a meeting or directors might be paid in equity at about 0.5-0.75% This equity will vest over 2-3 years. Agenda items will focus on key metrics illustrating value creation, particularly in software as a service companies.

article thumbnail

The Legal Side of Entrepreneurship

YoungUpstarts

Craig Schmitz, a partner in the Technology Companies Group at law firm Godwin Proctor LLP who works on corporate, governance, board and fundraising issues, and Erika Fisher, an associate in the firm’s Business Law Department who deals with IP, fielded questions about the legal issues startups face. ” The Cost of Financing.

article thumbnail

The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

Mistake #2 : not buttoning-down IP ownership issues (at 10:20). Mistake #5 : not doing your due diligence on potential investors (at 38:36). Mistake #2: Not Buttoning-Down IP Ownership Issues. Mistake #5: Not Doing Your Due Diligence on Potential Investors. Mistake #1: Forming the Wrong Entity.