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Remind Me Why I Love You? (Why “In Person” is Everything)

Both Sides of the Table

You race back to the office to tell everybody how well it went and you wait for the follow-up call to have a partners’ meeting or talk about term sheets or at least dip into due diligence. That way when my partners in are in …. there is a reason for us to re-engage because they never met that partner before.

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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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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. Of the Inc. 5000 companies, only 6.5% return cap.

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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. For a very small fee they can get your Delaware C corp registration, make sure that you have IP protection and ensure you didn’t make an early bumbling mistakes that you’ll pay for dearly in the next 7-10 years of hard work. Get to know them.

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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. However, the IP climate remains unchanged, and it’s likely that other villains will continue to exploit similar situations.

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Series Seed Financing Documents

www.seriesseed.com

Series Seed Term Sheet (v 2.0). Series Seed Term Sheet. It would be helpful to get a California standard employee manual, employee contract/agreements, IP ownership release to company, and confidentiality. Please note, these are the latest versions of the Series Seed Documents. 

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Strike while the iron is hot

BeyondVC

I was speaking with a friend of mine today who mentioned that his term sheet for his Series A round fell through. Well, you can imagine that down the line the company that the co-founder worked for could potentially claim rights to the IP. Today, the IP is about to get assigned in the proper manner.