Remove Founder Remove IP Remove Revenue Remove Vesting
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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
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4 Deadly Legal Mistakes That Startups Make

Scott Edward Walker

Question My co-founders and I are working on a cool new site, and we’ll be ready to launch in a few weeks. Vesting Restrictions. The first deadly mistake relates to vesting restrictions. Otherwise, if one of the founders quits after a few months, he would take all of his shares with him.

Vesting 89
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Opinion: It’s a startup world

NZ Entrepreneur

Startup founders are our ambitious problem solvers. Addressing real world problems, they thrive in uncertainty, generating new jobs and new revenue streams in new markets. Startup founders are driven to solve problems and make a difference – many want to literally change the world. This equity will vest over 2-3 years.

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Making Decisions in Context

Austin Startup

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. Kalanick, former investor BFF turned highly disappointed by founder behavior. Usually the founders duke it out among themselves as to titles and responsibilities and relative shareholdings.

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Bad Notes on Venture Capital

Both Sides of the Table

Revenue multiple? I know how to structure around that to protect the founders from getting screwed on a multiple liquidation preference. But most VCs don’t bother so many convertible note founders get screwed and never know it until they sell their companies. of the time I have no vested interest in having the debate.

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Legal Checklist for Startups

Scott Edward Walker

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 ). Incorporate in Delaware and qualify the company to do business in the state in which its principal office is located (see #2 here ).

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Startup Founder Agreements

blog.simeonov.com

Simeon, can you tell us how you structure ownership and control so you can fire your co-founders if necessary? The first part will dispel some myths, address the lifecycle of founder agreements and the key compensation and control parameters in them. Let’s start by dispelling some myths: There is a standard founder agreement.

Founder 44