by Richard Hsu at One Page Blog
With contributions from some of my colleagues at Pharma Ventures, Aquilo Partners and Linda Pullan, Ph.D., here is a short presentation I recently delivered at King & Spalding’s PharmaU on life science and collaboration agreements.
Naomi Kokubo
Question: I’m running a startup and I haven’t had much luck with press releases. What do I need to know before I do my next press release? I need this one to be a success.
Answer by Naomi Kokubo, Editor of Founders Space
Raj Gavurla
by Raj Gavurla of LiiiVEN, Inc.
Mature businesses show there maturity through consistency. In other words they are reliable. It’s odd to receive calls from suppliers on behalf of well known organizations that cannot keep an appointment. What does this say about your company? It’s not appealing. People’s time is valuable. You should keep the appointment although you may not be interested because it’s your word, you’ll learn more, and establish trust.
Richard Komaiko
by Richard Komaiko, Cofounder of AttorneyFee
A few weeks ago I met a really promising seed stage team at a Hackers and Founders event. Out of sheer curiosity I asked them whether they had gone through all the legal formalities associated with starting a company. They said that they had just met with an attorney, and were planning on hiring him the next day. “How much did he quote you for the incorporation?” I asked. “He said it would be $2,500.”
Naomi Kokubo
by Naomi Kokubo, Editor of Founders Space
This week we’re shining the spotlight on founder Alexander Desuasido and his startup Kid IRA:
Charles Swan
Question: What should I do ahead of time so that my company is ready should an acquisition offer come through?
Answer by Charles Swan at The Virtual CFO
Raj Gavurla
by Raj Gavurla of LiiiVEN, Inc.
It’s not rocket science. Customers and buyers want to do business with your organization because they know what is agreed upon will be delivered on time. Recently, I worked with a company and they had a hard time telling me a delivery date. The reason was because they didn’t know when their supplier would complete their part. They didn’t say they would check with the supplier and get back to me with a delivery date. Obviously, they’re not motivated.
Naomi Kokubo
Question: Entrepreneurs having their own “skin in the game” is a recurring requirement when discussing the necessary steps to acquire investor funding. Just how much of your own money, and therefore risk, is enough to satisfy an investor?
Answer by Naomi Kokubo, Editor of Founders Space
RJ Johnston
Question: What incentives does the government provide to small businesses & startups? And where can I find more info on this?
Answer by RJ Johnston
Ethan Stone
Question: My startup is now going out for its first round of venture financing. What are the top 5 things we should pay attention to when negotiating a term sheet with VCs?
Answer by Ethan Stone, Stone Business Law
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