QUESTION:
My startup is incorporated in Delaware and I’m doing business in California. What’s the minimum I need to do regarding board meetings for this corporation? I’d prefer to do nothing at all. It’s just me and one other partner.
ANSWER:
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QUESTION:
I don’t want to waste time on angels who aren’t actively investing. Who are the most active angels and super angels? What’s the best way to find out this type of information?
ANSWER:
QUESTION:
I have formed a LLC in Sate of Nebraska in order to pursue a small business idea. My challenge is that they I require certain skills/knowledge that I don’t have. Because my business has $0 value, I cannot yet afford to hire individuals with these skills. I want to form business relationships with individuals with these skills in order to start a business together (“entrepreneurial partners”). Can I offer some sort of limited private stock options to these “entrepreneurial partners” which would increase in value as the company grew, and potentially be sold on the open market years later, if the company goes public? What is this called, and what does it look like?
ANSWER:
Join us for the Chicago Roundtable, where founders gather around a table to share knowledge and work together to solve problems.
To sign up, email us at [email protected]
Founders Space Roundtable is a monthly meeting, where founders gather around a table to share knowledge and work together to solve problems. This is not a panel of speakers, seminar or business mixer. It’s a working session focused on dealing with tough issues startups face.
Join us for the San Diego Roundtable, where founders gather around a table to share knowledge and work together to solve problems.
To sign up, email us at [email protected]
Founders Space Roundtable is a monthly meeting, where founders gather around a table to share knowledge and work together to solve problems. This is not a panel of speakers, seminar or business mixer. It’s a working session focused on dealing with tough issues startups face.
QUESTION:
My partner and I no longer get along. Over the past year, we’ve built some potentially valuable intellectual property. What’s the best way to split this IP between us? Should be both have full rights to it? Neither of us wants to pay for it, and we don’t want to be in a situation where neither of us can use it. Lucky, we don’t have any investors to worry about. It’s just the two of us. Any advice?
ANSWER:
Nicholas de Wolff
by Nicholas de Wolff, founder of deW Process
The notion (and practice) of community driven consumer activity is, as with so many other things, cyclical.
Orrick is one of the leading law firms in the world when it comes to serving startups and their founders. Orrick offers a number of services targeted at startups, including its very popular TOTAL ACCESS series and Start-up Tool Kit.
Orrick’s TOTAL ACCESS Event Series provides entrepreneurs business, tactical and legal education through complimentary breakfast panels and lunch seminars. Presented by experienced industry CEOs, venture capitalists and Orrick lawyers, TOTAL ACCESS offers insights on cutting-edge issues and an opportunity to network with leading professionals in Silicon Valley.
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QUESTION:
Does my startup have to be incorporated in order to go out and begin raising funds? I’m a solo operation, and I’m looking for angel funding, but I haven’t incorporated yet. I figured I’d see what the potential is before taking this step. Is this fairly typical?
ANSWER:
QUESTION:
I’m so busy just trying to get my startup off the ground that I’m wondering if it’s really worth the time and effort to set up a Board of Advisors. That’s a huge investment in time that I have to make, plus legal fees. Any guidance would be appreciated.
ANSWER:
