Scott Edward Walker
OCTOBER 19, 2020
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.
NZ Entrepreneur
SEPTEMBER 29, 2021
Underpinning this growth is good governance. In order to understand startup governance, you need to understand risk and reward. This may mean straddling the line between governance and management when necessary. This equity will vest over 2-3 years. Risk and reward. Strategy is everything for a startup company board.
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Gust
DECEMBER 1, 2011
Nevertheless, choosing to defer basic corporate housekeeping items can be disastrous in some circumstances, as when the failure to spend a few thousand dollars on legal fees to clarify IP ownership and equity arrangements comes back to bite a successful company to the tune of millions of dollars on the eve of a liquidity event. Good stuff!
Gust
DECEMBER 8, 2011
Likewise, founders can benefit from understanding basic characteristics of the overall legal structure, formation and governance documents, rights and responsibilities of team members, etc. Stepping off the soapbox, let’s examine the highest level “To Do” list for a new startup: Formation, Governance and Equity. Newco, Inc.”)
Up and Running
OCTOBER 14, 2015
If a local employee has a vested interest in the company, they are arguably more inclined to assist with introductions than they are likely to hire a translator. Government funding. The choice of where to base your IP holding company has become a key strategic decision for a company’s board of directors.
Austin Startup
AUGUST 20, 2017
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. Board and Governance issues arise from day one in most startups. If you’ve got patent or other IP needs, you may want to engage specialists in those areas.
maplebutter.com
JANUARY 8, 2013
Government grants – Credit cards / debt. I can’t offer any amazing technology or IP, but I can solve a few problems by just doing it “right”, and not the way it’s being forced on people right now. All that being said, all equity allocation (giving) should be done with a 4 year vesting, 1 year cliff.
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