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The Legal Side of Entrepreneurship

YoungUpstarts

by John Vrionis, partner at Lightspeed Venture Partners. Investors typically negotiate from a term sheet, which if not handled properly can create problems that can hurt or kill the startup’s chances when they do their Series A round of funding. Lightspeed is in the business of encouraging entrepreneurship.

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How to Work with Lawyers at a Startup

Both Sides of the Table

Shame about not getting it in legal writing that you owned the original IP. I know he’s smart but you wouldn’t hire a Javascript developer to do your database design – would you? They’ll help you ensure that any money you raise doesn’t come with surprise terms that are hidden in legalese.

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The investment that didn’t happen

K9 Ventures

While Zappos was doing diligence on Modista, the issue was brought up that one of other companies in this space — Like.com , founded by Munjal Shah — had filed for some IP in this area. Google so far has played nice with startups and has had a positive impact on the startup eco-system (especially for exits, less so for hiring!)

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Channel your Inner VC to Understand Startup Valuations

www.currentlyobsessed.com

I have to admit, the light bulb didn’t go off for me until I was negotiating term sheets. Read Terms that Hurt (Venture Hacks). Read up on the “unwritten terms&# in term sheets having to do with exit multiples here For bootstrappers, the math is even easier: 100% of the upside goes to you and your awesome team.

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Startup Resources

www.vccafe.com

IP Location Tools. find/hire freelancers. hire low-cost international engineering talent. VWorker - find/hire freelancers. WSGR Term Sheet Generator. Orrick, Herrington Term Sheet Generator. Founders Institute Plain Preferred Term Sheet â?? Mark Suster GRP Partners Advice.