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The Legal Side of Entrepreneurship

YoungUpstarts

Craig Schmitz, a partner in the Technology Companies Group at law firm Godwin Proctor LLP who works on corporate, governance, board and fundraising issues, and Erika Fisher, an associate in the firm’s Business Law Department who deals with IP, fielded questions about the legal issues startups face. If high U.S. However, the U.S.

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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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What is it Like to Negotiate a VC Round?

Both Sides of the Table

Another problem that arises in financings these days is that after a VC submits a $2 million term sheet all of a sudden a large number of “helpful investors” pop up who were waiting for a “strong lead” and now all of a sudden a $2 million round becomes a $2.75m round. How much is in the option pool?

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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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Piercing the Corporate Veil of Sweat Equity

grasshopperherder.com

As such, you should make sure to think of the proposals as an investor and get a reasonable term sheet. Out of fairness, that’s why they wanted to hire me, to fix that issue. This would of course be in regards toa single corporation which holds all the IP and revenue.). Here are some of my favorite things to avoid.

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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?? Xtranormal. Presentation tools. Login System.