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The Legal Side of Entrepreneurship

YoungUpstarts

This article highlights their advice on issues ranging from financing to patent trolls: While startups may believe lawyers are too costly, working with one early on avoids potentially serious problems later. They also need to decide whether to structure terms as an equity deal or a convertible security deal.

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A primer on convertible notes, convertible securities, and equity

Hippoland

In the 1990s, your first round of financing was typically a Series A round between $1m-$5m. Expenses were a lot higher just to get a company off the ground, so even the first round of financing was large. Convertible notes In the 2000s, however, the cost to start a software company decreased dramatically.

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More Tech Startups are LLCs

Austin Startup

Background Reading: When LLCs Make Sense for Startups Not Building a Unicorn If you have spent almost any time reading about the basics of startup legal issues, you know that Delaware C-corps are the default organizational structure for a “classic” tech startup (software, hardware) planning to raise angel/VC money and scale.