Remove Customer Remove Founder Remove Stock Options Remove IP
article thumbnail

Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

Even when you do sign-up initial customers it’s still not clear that your company will be a success and you’re still likely paying yourself under market rates. The narrative of this discussion is something like this: I meet a 35-40-year-old founder with two kids and mortgage. I saved my main point for last.

article thumbnail

What Can a Startup Lawyer Help With?

The Startup Magazine

The early days of a business’ journey require the founders to pour their energy into focusing on getting their product or service perfected and out to customers in the marketplace. If your startup business has more than one founder, a Partnership Agreement, which is an operating agreement, is essential. Partnership Agreements.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Great, Operationally-Focused CFO’s Can Transform Your Business

Both Sides of the Table

I love the enthusiasm, the boundless energy and the sense of possibility that comes from having an idea that hasn’t yet been beat up in the marketplace of competing ideas, customer contracts, VC skepticism, jaded journalists or fickle consumers who are on the The New, New Thing. I have written about the next phases many times.

article thumbnail

Most Common Early Start-up Mistakes

Both Sides of the Table

These periods of time can leave a founder very vulnerable in the future. To the best of my knowledge US law allows you to work on your own resources and in your own hours and let you personally own your IP. But these people seldom make retirement money from the stock options on these companies. Get customer input.

article thumbnail

When do I need to incorporate a company?

Startup Company Lawyer

I am giving a presentation to some of the founders in TheFunded Founder Institute on incorporating their companies, so I thought I would recycle some thoughts.]. Founders of startup companies often wait to incorporate a company until they are confident that their concept is viable or fundable. More than one founder.

IP 67
article thumbnail

Term-sheets and Valuations: Thinking about Negotiations - Startups.

Tim Keane

.   (“If we can close 35% of all opportunities, and can get an opportunity by making x contacts, and there are 300 opportunities per month, then we should be able to sell 100 customers per month if we have the capital ($35 per contact) to cover the market every month.”   This results in a five-year projection of XYZ.).

article thumbnail

Beware The Consultant

infochachkie.com

Tracking such revenue can be a challenge but is possible to approximate the revenue impact of PR activities via the use of unique URLs, customer surveys, etc. Any function within your startup that involves iterative learning, passion and/or close proximity to your customers should not be outsourced. IP) is an ugly thing at a startup.

Equity 40