Archive for January, 2010
Wednesday, January 27th, 2010
Introduction
This post is part of a new series entitled “Ask the Attorney,” which I am writing for VentureBeat (one of my favorite websites for entrepreneurs). As the VentureBeat Editor notes on the site: “Ask the Attorney is a new VentureBeat feature allowing start-up owners to get answers to their legal questions.” This post is a longer, more-comprehensive version of the VentureBeat post.
The goal here is two-fold: (i) to encourage entrepreneurs to ask law-related questions regardless of how basic they may be; and (ii) to provide helpful responses in plain english (as opposed to legalese). Please give me your feedback in the comments section. Many thanks, Scott
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Tags: Ask the Attorney, Delaware, formation issues, founders, inventions assignment, personal liability, quasi-California corporation, s corporation, venture, vesting
Posted in Ask the Attorney, Startup Issues | View Comments
Wednesday, January 20th, 2010
Introduction
This post is a longer, more comprehensive version of the post I wrote a couple of weeks ago for VentureHacks, one of the best websites for startups, in which I recommended five New Year’s resolutions for entrepreneurs. Indeed, as I noted in that post, during my 15+ years as a corporate lawyer (including nearly eight years at two major law firms New York City), I have seen entrepreneurs make certain fundamental mistakes over and over again in connection with doing deals. So what better way to welcome in the new decade than to provide seven basic tips for entrepreneurs.
(Message to all of my female clients and readers: (i) the term “guys” includes “gals”; and (ii) in tip #6, you can decide what the term “balls” includes.)
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Tags: acquisition, corporate lawyer, diligence, entrepreneur, entrepreneurs, financing, investment banker, lawyer, LOI, private equity, venture capital
Posted in Dealmaking Generally, Entrepreneurship | View Comments
Tuesday, January 12th, 2010
Introduction
This post is part of a new series entitled “Ask the Attorney,” which I am writing for VentureBeat (one of my favorite websites for entrepreneurs). As the VentureBeat Editor notes on the site: “Ask the Attorney is a new VentureBeat feature allowing start-up owners to get answers to their legal questions.”
The goal here is two-fold: (i) to encourage entrepreneurs to ask law-related questions regardless of how basic they may be; and (ii) to provide helpful responses in plain english (as opposed to legalese).
(more…)
Tags: accredited investors, entrepreneurs, Form D, private placement, Rule 501, Rule 506, SEC, Securities Act, securities laws, securities lawyer
Posted in Ask the Attorney, Securities Law Issues | View Comments
Wednesday, January 6th, 2010
Introduction
This post is part of a new series entitled “Ask the Attorney,” which I am writing for VentureBeat (one of my favorite websites for entrepreneurs). As the VentureBeat Editor notes on the site: “Ask the Attorney is a new VentureBeat feature allowing start-up owners to get answers to their legal questions.”
The goal here is two-fold: (i) to encourage entrepreneurs to ask law-related questions regardless of how basic they may be; and (ii) to provide helpful responses in plain english (as opposed to legalese).
(more…)
Tags: attorney, cliff, entrepreneurs, founders, investors, Series A, stock, VentureBeat, vesting, vesting schedule, without cause
Posted in Ask the Attorney, Startup Issues | View Comments