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SEPTEMBER 17, 2014 [IP] Bad Notes on VC
This week. On the phone …. Me: So, you raised venture capital? Him: Yeah. We raised a seed round. About $1 million. Me: At what price? Him: It wasn’t priced. We raised a convertible note. Me: With a cap? Him: Yes, $8 million. Me: Ah. I see. So you did raise with a price. It’s just a maximum price. Him: Huh? Last week. At an accelerator …. Me: Ok.
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JANUARY 4, 2012 [IP] Intellectual Property for Startups in the Real World
The questions that arise most with respect to any category of IP at the earliest stages include: How will this affect our chances of getting funded on favorable terms ? How much is it worth investing in cultivating and enforcing an IP portfolio ? What kind of risk do we run of being put out of business by others’ IP rights ?
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DECEMBER 22, 2011 [IP] Nuts & Bolts of Intellectual Property for New Startups
Having covered all the bases to ensure that your corporate name is available, the domain name can be acquired, and the name doesn’t infringe any existing trademarks (as we discussed last week ), now is a good time to look at the categories of intellectual property (IP) that are relevant to most startups. Intellectual property.
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DECEMBER 8, 2011 [IP] Do It Right The First Time, Part II: Visit the Doctor or House Call?
From choosing a legal entity or jurisdiction to properly documenting IP assignments and stock issuances to complying with securities laws and avoiding potentially enormous tax penalties in the future, there is plenty here to warrant consulting a professional. Pick a name for the new legal entity (e.g., The risk is simply too great.
GUST [IP] Can Your Startup Flourish Despite Business Chaos?
| SUNDAY, FEBRUARY 16, 2014
Don’t count on your IP
to save you. Every startup founder I know talks about the chaos of their business, which they usually attribute to that burst of growth that is required to get to positive cash flow. Your only choice is to live with it, and find a way to conquer it. Employees stop innovating. Your products quickly become outdated. MORE >>
GUST [IP] Do It Right The First Time: Avoiding “Janitorial” Legal Work
| THURSDAY, DECEMBER 1, 2011
This is most urgent when more than one founder is involved, when “outsiders” touch IP
related to the new business, or when the startup is engaged in a business closely related to the current or former employer(s) of the founder(s). What is a startup really? In next week’s post, I will get into specific documents. Good stuff! MORE >>
GUST [IP] Knowledge Is Power: Convertible Note Financing Terms, Part V
| WEDNESDAY, OCTOBER 26, 2011
Common examples include papering founders’ stock issuances, catching up on Board minutes, and ensuring that all members of the team have entered into IP
agreements with the company assigning rights in their work to the startup. What seem like boilerplate provisions can be meaningful in some situations. Convertible Promissory Note(s). MORE >>