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Everything you always wanted to know about cofounders

Up and Running

Do I need a co-founder? These are some of the most frequent questions about co-founders that I have heard from entrepreneurs over the years. Do I need a co-founder? How many co-founders should I have? I have seen many successful companies with as few as 2 and as many of 11 co-founders.

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5 New Venture Mistakes That Can Cost You The Business

Startup Professionals Musings

Here are five of the most common examples: Failure to document a Founder agreement at the beginning. This oversight can lead to the so-called “forgotten Founder” problem. Trouble with the IRS over Founders stock value. Founders ignore non-compete clauses from former employers.

Cost 363
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8 Potential Entrepreneur Assists From Your Alma Mater

Startup Professionals Musings

Their value to you is great industry connections, free legal advice, shared learning, and credibility for you with investors. Attract a co-founder and key team members. These also get used for guest lectures in business classes, judges for business plan competition, and introductions to accredited investors.

Arizona 276
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The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

different perspective as a lawyer (lots of phone calls from founders with problems). Zuckerberg” problem – IP is not assigned to the company by the founders and/or third-party developers (including in foreign countries). Vesting schedules must be established to protect the other co-founders (plus, VC’s will typically require them).

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The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

i) Rule 506 preempts State law, which means all you have to do is file a Form D and pay a filing fee; and (ii) no disclosure requirement/PPM Possible to sell to “friends and family” (e.g., issues to address include: How have they treated their other portfolio companies? (i) Are they good guys or jerks? Can they be counted-on and trusted?

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8 Ways Your Old School Can Energize Your New Venture

Startup Professionals Musings

Their value to you is great industry connections, free legal advice, shared learning, and credibility for you with investors. Attract a co-founder and key team members. These also get used for guest lectures in business classes, judges for business plan competition, and introductions to accredited investors.

Arizona 310
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Finalist Women and Minority Entrepreneurs Named in VCAP Program

David Teten

VCAP© is a collaborative venture that provides women and diverse entrepreneurs nationwide with access to venture capital through accredited investors within the HBSAANY network. VCAP©, the first program of its kind, bridges the gap between venture capitalists and angel investor networks and women and diverse entrepreneurs.