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Follow Us On TwitterWe’ve gone fishin’ for the month of August. No blog posts until September. Happy Summer days.
Archive for July, 2011
Gone Fishin’
by Scott Edward Walker on July 29th, 2011
What Are the Rights of Minority Stockholders?
by Scott Edward Walker on July 27th, 2011
Introduction
For the past few months, I’ve been discussing the rights of VC investors in connection with preferred stock financings, including the following:
Walker Twitter Highlights: July 18th – 24th
by Scott Edward Walker on July 25th, 2011I’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues. If you missed this past week’s Twitter updates, below are my five most popular tweets (via bit.ly) and my blog-related tweets. If you’d like to see all of my tweets (or an RSS feed of them), you can do so here. Cheers, Scott
Helping Entrepreneurs Succeed: Kevin Systrom
by Scott Edward Walker on July 22nd, 2011To Our Clients & Friends: Welcome to our weekly series entitled “Helping Entrepreneurs Succeed.” Each week, we share a favorite video of a successful entrepreneur, investor or business leader on a variety of topics. This week, we present Kevin Systrom, the co-founder and CEO of Instagram.
In this interesting, three-minute clip (courtesy of Stanford University’s Entrepreneurship Corner), Kevin provides some outstanding advice with regard to raising capital, including the importance of:
• seeking out the people you want to work with;
• optimizing for people, not for valuation; and
• finding investors as if you’re hiring part of your team.
Kevin also discusses the importance of bringing a prototype to a pitch meeting (as opposed to a deck), which is indeed solid advice. I hope you enjoy it. Many thanks, Scott
Doing Deals – 3 Tips for Entrepreneurs (Part 2)
by Scott Edward Walker on July 20th, 2011Introduction
I’ve been doing deals as a corporate lawyer for 17+ years, and there are certain fundamental mistakes that I’ve seen entrepreneurs make over and over again. Accordingly, I thought it would be helpful to share three basic tips in connection with doing deals. This is part two of a three-part series; it was originally posted on Forbes. In part one, I discussed the importance of (i) being careful with letters of intent, (ii) creating a competitive environment and (iii) using your lawyer as a “bad cop.”
Walker Twitter Highlights: July 11th – 17th
by Scott Edward Walker on July 18th, 2011I’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues. If you missed this past week’s Twitter updates, below are my five most popular tweets (via bit.ly) and my blog-related tweets. If you’d like to see all of my tweets (or an RSS feed of them), you can do so here. Cheers, Scott
Motivational Clips for Entrepreneurs: Do It
by Scott Edward Walker on July 17th, 2011“People often say that motivation doesn’t last. Well, neither does bathing – that’s why we recommend it daily.” – Zig Ziglar
Welcome to our weekly series entitled “Motivational Clips for Entrepreneurs.” Each week, we post a favorite video clip to inspire and motivate entrepreneurs. Why? Because we know how tough it is being an entrepreneur; and whether you’re launching a venture, trying to execute your business model or raising funds, you need a little juice to help you push the ball forward. I hope these videos are a little juice. Cheers, Scott
Doing Deals – 3 Tips for Entrepreneurs (Part 1)
by Scott Edward Walker on July 13th, 2011Introduction
I’ve been doing deals as a corporate lawyer for 17+ years, and there are certain fundamental mistakes that I’ve seen entrepreneurs make over and over again. Accordingly, I thought it would be helpful to share three basic tips in connection with doing deals. This is part one of a three-part series; it was originally posted on Forbes.
Walker Twitter Highlights: July 4th – 10th
by Scott Edward Walker on July 11th, 2011I’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues. If you missed this past week’s Twitter updates, below are my five most popular tweets (via bit.ly) and my blog-related tweets. If you’d like to see all of my tweets (or an RSS feed of them), you can do so here. Cheers, Scott
Motivational Clips for Entrepreneurs: Remembering Pat Tillman
by Scott Edward Walker on July 8th, 2011“People often say that motivation doesn’t last. Well, neither does bathing – that’s why we recommend it daily.” – Zig Ziglar
Welcome to our weekly series entitled “Motivational Clips for Entrepreneurs.” Each week, we post a short video clip to inspire and motivate entrepreneurs. Why? Because we know how tough it is being an entrepreneur; and whether you’re launching a venture, trying to execute your business model or raising funds, you need a little juice to help you push the ball forward. I hope these videos are a little juice. Cheers, Scott
Venture Capital Term Sheets – Redemption Rights
by Scott Edward Walker on July 7th, 2011Introduction
This post originally appeared in the “Ask the Attorney” column I am writing for VentureBeat; it is part of my ongoing series regarding venture capital term sheets. Here are the issues I have addressed to date:
- common mistakes dealing with VC’s
- valuation
- liquidation preferences
- stock options
- exploding term sheets and no-shop provisions
- anti-dilution provisions
- dividends
- Board control
- protective provisions
- drag-along provisions
- pay-to-play and pull-up provisions
- conversion rights
In today’s post, I examine the redemption rights of investors.
Helping Entrepreneurs Succeed: Sean Parker
by Scott Edward Walker on July 6th, 2011To Our Clients & Friends: Welcome to our weekly series entitled “Helping Entrepreneurs Succeed.” Each week, we share a favorite video of a successful entrepreneur, investor or business leader on a variety of topics. This week, we present Sean Parker, a brilliant entrepreneur and visionary; the co-founder of Napster and Plaxo; and the former President of Facebook.
Walker Twitter Highlights: June 27th – July 3rd
by Scott Edward Walker on July 5th, 2011I’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues. If you missed this past week’s Twitter updates, below are my five most popular tweets (via bit.ly) and my blog-related tweets. If you’d like to see all of my tweets (or an RSS feed of them), you can do so here. Cheers, Scott
Motivational Clips for Entrepreneurs: The Gettysburg Address
by Scott Edward Walker on July 4th, 2011“People often say that motivation doesn’t last. Well, neither does bathing – that’s why we recommend it daily.” – Zig Ziglar
Welcome to our weekly series entitled “Motivational Clips for Entrepreneurs.” Each week, we post a short video to inspire and motivate entrepreneurs. Why? Because we know how tough it is being an entrepreneur; and whether you’re launching a venture, trying to execute on your business model or raising funds, you need a little juice to help you push the ball forward. Today, in tribute to Independence Day, we are posting the Gettysburg Address, which was delivered by President Lincoln on November 19, 1863 (during the American Civil War), at the dedication of the Soldiers’ National Cemetery in Gettysburg, Pennsylvania; it is indeed extraordinary. Happy 4th, Scott