YoungUpstarts

OCTOBER 28, 2015

They also need to decide whether to structure terms as an equity deal or a convertible security deal. These costs make it preferable to use a convertible security for a raise of this size and to structure as equity financing if you are raising closer to $2 million. ” The Cost of Financing. Even $15-20,000 is too expensive.

Convertible Security 100

Convertible Security IP Technical Review Software Review 100

Up and Running

MAY 23, 2016

The importance of a domain name. For Gabriel Kuperman, founder and CEO of CuePin, finding a good domain name was a key part of his branding strategy. If you find the domain name you want is taken, Gabriel suggests turning to a domain marketplace that sells premium domains. presence via a Delaware-based C-Corp also gives non-U.S.

Software Review 74

Software Review Software Delaware Forecast 74

Both Sides of the Table

JANUARY 21, 2010

You never got around to agreeing exact equity splits but you had many conversations about it. Founded it as a California LLC but your potential VC wants a Delaware C-Corp? In Silicon Valley the name I hear mentioned most often for very early stage deals is Joey Tran from Fortis. Shame about that pesky FAS 157 ruling.

Southern California 318

Southern California Silicon Valley IP Stock Options 318

Startup Professionals Musings

FEBRUARY 1, 2016

An LLC will work just fine for this, but if you know enough to anticipate more than 100 investors or special classes of stock, I recommend incorporating as a Delaware or Nevada C-Corp or S-Corp. Until you have a business, you shouldn’t get a web domain name or social media accounts, since these all should match and are hard to change later.

Intellectual Property 120

Intellectual Property LLC Limited Liability Company Nevada 120

Startup Professionals Musings

FEBRUARY 8, 2017

We incorporate the venture as a Delaware C corporation, serve as its Registered Agent, file for its tax number with the IRS, register with its home state, set up its bank account, credit card, accounting software, cap table.everything! Marty: How do you see the climate and opportunity for startups in New York for 2017?

New York City 120

New York City New York Delaware Silicon Valley 120

Feld Thoughts

AUGUST 26, 2011

When we were last with our SayAhh cofounders, they had implemented an accounting system and Jane had contributed $50,000 for a 55/45% equity split. Since SayAhh is a C corporation that is incorporated in Delaware, they decided to have a very low non-zero par value for their shares, set at $0.00001, to prevent higher franchise stock taxes.

Balance Sheet 128

Balance Sheet Cofounder Cap Table Delaware 128

Gust

DECEMBER 8, 2011

Readers can anticipate my next point in continuing the analogy: It makes no more sense for a non-lawyer to prepare fundamental legal, governance, equity and intellectual property documents than it would for a patient to self-diagnose and begin taking prescription-strength antibiotics or other medications. Newco, Inc.”) Newco, Inc.”)

Intellectual Property 139

Intellectual Property Non-disclosure Agreement Delaware Stock 139