Posts Tagged ‘startup’

Should I quit my day job to ensure my startup gets off the ground?

QUESTION:

Should I quit my day job to ensure my startup gets off the ground?

ANSWER:

Naomi Kokubo

Naomi Kokubo

by Naomi Kokubo, Cofounder of Founders Space

Yes!  Maybe?  No!  All three answers may be correct.

Yes, if you truly believe in your startup and you have enough money in the bank to survive for at least one year, while you get things going.  Keep in mind, the money you need goes beyond personal living expenses.  You’ll need funds to bootstrap your company too.

Can you recommend a good place to go to find online legal documents for setting up my company?

QUESTION:

I’m a first-time Silicon Valley entrepreneur.  Can you recommend a good place to go to find online legal documents for setting up my company?

ANSWER:

Naomi Kokubo

Naomi Kokubo

by Naomi Kokubo, Cofounder of Founders Space

Orrick’s startup toolkit helps with company formation and is a good place to start. It doesn’t replace having a good attorney, but it should give you an idea of what’s involved in setting up typical Silicon Valley startup.

The Founder Institute

Adeo Ressi, who runs The Founder Institute, is a great guy.  My husband knows him well.  Adeo truly cares about founders and the issues they face.  He has also done an excellent job with TheFunded.