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3 Ways For Startups To Cut Their Legal Fees in Half

Scott Edward Walker

We just closed a $250,000 convertible note financing, and the bill was almost $13,000. Most partners at the big firms have the authority to drop the hourly billing rates for startups (or to cut the bill). The bottom line is that none of the startup work is rocket science, and using a big law firm is overkill.

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Keep It Under Your Hat: Valuation Caps and the $650 Million Sale of MySpace for $125 Million

Gust

Entrepreneurs and investors who have spent any time dealing with convertible debt seed financing transactions are likely to have encountered the subject of valuation caps. The cap is irrelevant if the next equity financing is at a valuation below the cap amount.) Read on for a fuller explanation.

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What Makes an Entrepreneur (4/11) – Resiliency

Both Sides of the Table

We had been working on a merger between BuildOnline and a competitor called iScraper. My contact at ETF told me that Apax had called them and told them that they were planning to fund iScraper on their own without the merger and that ETF should back their deal rather than ours. .&# (quote via David Fishman ).

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