Scott Edward Walker
SEPTEMBER 28, 2011
(And please don’t tell us to hire a lawyer.) Vesting Restrictions. The first deadly mistake relates to vesting restrictions. IP Ownership. There are three deadly mistakes that relate to intellectual property (IP) ownership, all of which usually surface when the investors conduct their due-diligence investigation: 1.
NZ Entrepreneur
SEPTEMBER 29, 2021
experiments to build a product, find customers, test business models and hire amazing people. It is not uncommon for startup directors to be more deeply involved in the operations of the business when the company is entering a new market, hiring critical team members or raising capital. This equity will vest over 2-3 years.
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The Startup Magazine
OCTOBER 30, 2018
As you are forming your new business, creating new products and hiring new employees as your company grows developing new materials, you will encounter scenarios where you need to create, review, and sign contracts. Therefore, it’s often a good idea to hire a contract lawyer to have on retainer. Contract Lawyer.
Austin Startup
AUGUST 20, 2017
Hiring is a chapter unto itself, but it deserves to lead off any discussion of context. Compensation decisions obviously affect hiring and retention. You can’t be too careful in determining comp packages for your new hires. Your best defense against slippage is making the right hires in the first place.
Scott Edward Walker
NOVEMBER 2, 2011
Set-up vesting schedules for the founders (see post here ) and file 83(b) elections with the IRS (see #3 here ). Button-down IP ownership and assignment issues (see post here ). If you hire any employees, make sure you don’t misclassify them as an independent contractor or fail to pay them at least the minimum wage (see post here ).
Scott Edward Walker
OCTOBER 27, 2015
Set-up vesting schedules for the founders (see post here ) and file 83(b) elections with the IRS (see #3 here ). Button-down IP ownership and assignment issues (see post here ). If you hire any employees, make sure you don’t misclassify them as an independent contractor or fail to pay them at least the minimum wage (see post here ).
Scott Edward Walker
JUNE 23, 2011
Not only are there key contractual issues that must be buttoned-down (like vesting and IP assignment ), but also there is a minefield of laws and regulations that must be complied with. Moreover, as Chris Dixon reminded me, it is also unlawful for companies to hire illegal immigrants. university.
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