Scott Edward Walker

OCTOBER 13, 2011

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.

Los Angeles 85

Los Angeles San Francisco New York City Silicon Valley 85

Gust

NOVEMBER 4, 2011

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.

Valuation 98

Valuation Pre-Money Valuation Merger Vesting 98

Both Sides of the Table

DECEMBER 18, 2009

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 ).

Germany 298

Germany Entrepreneur Merger Los Angeles 298