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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. Forget to get around to setting up that Employee Stock Option Plan and want to be able to give the early guys their options at a low strike price? They usually ask for warrants (basically like a stock option) in exchange for taking a deferred fee.

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26 Entrepreneurs Explain How They Came Up With Their Business Names

Hearpreneur

Several “experts” in marketing and advertising, and IP lawyers, tried to talk me into changing it. As a financial planner, money was my stock in trade; however, I discovered true wealth was in good health and relationships. I think that was because PR wanted to be seen as a serious profession like law or accounting.

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Small Businesses Must Make Data Privacy a Priority

Duct Tape Marketing

In addition to exposing individuals to possible identity theft, security breaches also expose companies to negative PR. Target not only spent $240 million to replace customers’ cards, but sales and the company’s stock price took a major hit from the resulting public fallout. Colleges, too, have been victims of cyber attacks.

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In a Strong Wind Even Turkeys Can Fly

Both Sides of the Table

Since that date the S&P 500 is up 2.45% while Accenture stock is up 206% with revenue of $23 billion and a market cap of $32 billion. It’s why as an investor I look for talented teams with long-term vision, a unique point-of-view, differentiated IP and a desire to build something enduring.

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Beware The Consultant

infochachkie.com

For instance, if a consultant proposes to help you with public relations, pay them a commission equivalent to the greater of a flat fee per story placed or a percentage of revenue generated from the PR coverage. Such positions include: PR, Sales, Product Development, Lead Generation, Strategic Planning, Fund Raising, etc. Consultant.

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Time is the Enemy of All Deals

Both Sides of the Table

If anything changed (stock market crash, real estate crash, somebody trying to buy Salesforce.com, whatever) I could end up with goose eggs. If it’s a biz deal you might care about IP protection, revenue share, investment commitments to joint marketing – whatever. I was obsessed with the closure date. For me it was a binary outcome.

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How to Start a Startup

www.paulgraham.com

The way to getrich from a startup is to maximize the companys chances of succeeding,not to maximize the amount of stock you retain. The problem is, for the company to exist, you have todecide who the founders are, and how much stock they each have. Almost everyone who worked for us was an animal at what they did. This does happen.

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