Conversion Delaware IP Partner 
YoungUpstarts
OCTOBER 28, 2015
by John Vrionis, partner at Lightspeed Venture Partners. The primary terms for these types of transactions are the valuation cap and the conversion discount. Startups also must pay an inexpensive service fee for incorporating in Delaware. Lightspeed is in the business of encouraging entrepreneurship. If high U.S.
Both Sides of the Table
JANUARY 21, 2010
You never got around to agreeing exact equity splits but you had many conversations about it. Shame about not getting it in legal writing that you owned the original IP. Founded it as a California LLC but your potential VC wants a Delaware C-Corp? Focus on the partner you would be working with.
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