Archive for August, 2011
Should I Use My Investor’s Lawyer?by Scott Edward Walker on August 31st, 2011
This post was originally part of the “Ask the Attorney” series which I am writing for VentureBeat (one of my favorite websites for entrepreneurs). Please shoot me any questions you may have in the comments section – or feel free to call me directly at 415-979-9998 (San Francisco) or 310-288-6667 (Los Angeles). Thanks, Scott
We’re a startup based in Palo Alto, and we just received a Series A term sheet for a $725,000 investment. The investor is kind of insisting that we use his lawyer at a big Valley firm to represent us. He said that he doesn’t need a lawyer, and this will save us a lot of money. We’re first time entrepreneurs, and we don’t know if this is standard practice and what we should do. Any advice would be appreciated.
Walker Twitter Highlights: August 22nd – 28thby Scott Edward Walker on August 29th, 2011
I’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. Below are my five most popular tweets (via bit.ly) for the past week and a couple of 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
Doing Deals – 3 Tips for Entrepreneurs (Part 3)by Scott Edward Walker on August 25th, 2011
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 three of a three-part series, which was originally posted on Forbes.
In part one, I discussed the importance of being careful with letters of intent, creating a competitive environment and using your lawyer as a “bad cop.” In part two, I discussed the importance of checking your emotions and remaining disciplined, not blinking first and leaving some chips on the table.
Motivational Clips for Entrepreneurs: “Think Different” (A Tribute to Steve Jobs)by Scott Edward Walker on August 24th, 2011
Welcome to our weekly series “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. This video is a tribute to Steve Jobs, who resigned today as CEO of Apple. As I have previously noted, Steve is indeed one of the greatest entrepreneurs who ever lived. A toast to Steve! Cheers, Scott
Walker Twitter Highlights: August 11th – 21stby Scott Edward Walker on August 22nd, 2011
I’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. Below are my five most popular tweets (via bit.ly) for the past 10 days and a couple of Quora-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