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Can You Replace Lawyers With Software?

The Startup Magazine

A business runs on diligence, passion, and creativity — but it also needs a whole lot of legal help. You need lawyers to help you with incorporation and IP creation. Thus, as with many other expensive aspects of starting a business, many entrepreneurs like you are turning to software. The Issue of Artificial Intelligence.

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Dear Founders: Here Are Three IP Mistakes to Watch-Out For

Scott Edward Walker

Over the past six months, my firm has been engaged by a number of startups with significant intellectual property (“IP”) problems. In a couple of cases, the founders played lawyer on their own; in the other cases, the founders either used (i) a Web service that did not address IP issues or (ii) an inexperienced law firm.

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How to Scale a Venture Capital (or Private Equity) Fund

David Teten

– Templatize the entrepreneurial process , by providing checklists, standardized agreements and other reusable code. Sophisticated VC and private equity funds have a wide array of options for leveraging outside operating executives. engineers, designers, business developers).

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Opinion: It’s a startup world

NZ Entrepreneur

The goal is to gather a skill set around that table that reflects the next level of maturity of the business, and to regularly refresh it as the business scales up and needs a different skill set for each stage of its development. This equity will vest over 2-3 years. Take part in startup investment due diligence.

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The Legal Side of Entrepreneurship

YoungUpstarts

The program provides entrepreneurs the resources and mentoring they need to build their companies and develop their skills. They also need to decide whether to structure terms as an equity deal or a convertible security deal. Debt also has a due date and interest rate to negotiate. ” The Cost of Financing. Incorporation.

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4 Deadly Legal Mistakes That Startups Make

Scott Edward Walker

And if the departing founder has a huge chunk of equity, it is unlikely that the company will find many sophisticated angels or VC’s interested in investing. IP Ownership. You must confirm that none of the founders’ prior employers has any rights to the venture’s IP because he or she was “moonlighting” while previously employed.

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Making Decisions in Context

Austin Startup

They’re looking to be paid properly in the context of the overall salary structure, including cash, benefits, and equity, and to be paid commensurate with performance. Make your choices only after you’ve done some due diligence with other companies where they’ve served. Self-Awareness will conclude this list for today.