article thumbnail

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.

article thumbnail

Should Startups Focus on Profitability or Not?

Both Sides of the Table

If you spent the 3 years perfecting some hugely differentiated technology IP that may also be different. Operating Costs. They both raised angel / seed money of $1.5 million to fund operations in their first year of operations. In many Internet startups 80% of the operating costs will be people.

Startup 418
article thumbnail

How to Start a Startup

www.paulgraham.com

But this is just the kindthat tends to be open source: operating systems, programminglanguages, editors, and so on. So if youre developing technologyfor money, youre probably not going to be developing it for peoplelike you. Usually you get seed money from individual rich people called"angels." This is calledseed capital.

Startup 105