Debt can be less dilutive than equity.Interested? Why you might need to borrow money: Corporate credit cards. Equipment purchases. Working Capital. Growth Capital – add runway before your next equity round at higher valuation. Getting started – outreach Find a banker in this space and get to know how they work. Build the relationship early; start… Read more »

Many founders come to us with questions about Section 83(b) elections. They have often heard in startup circles that they need to file these, but may not understand when it makes sense to do so or what problem the Section 83(b) election solves. This article seeks to clear up some of the confusion about Section… Read more »

Don’t do it for the money, do it for the love. The funding offer for most accelerators is in the range of  $20k to $50k.  That’s not enough to be a good reason to join.  The reason to join an accelerator is the love – love from the network of mentors, love from the sponsors,…

Don’t do it for the money, do it for the love. The funding offer for most accelerators is in the range of  $20k to $50k.  That’s not enough to be a good reason to join.  The reason to join an accelerator is the love – love from the network of mentors, love from the sponsors,… Read more »

The Terms of Use Agreement (“TOU”) and the Privacy Policy (“PP”) found on most websites govern the relationship between the website operator and all of its customers.  Although it may be tempting to copy and use online agreements posted on other websites to avoid the time and cost required to define your own agreement, this… Read more »

What is a provisional patent application? A provisional patent application (“provisional application”) is a document that is filed at the United States Patent and Trademark Office (USPTO) to establish an invention’s “priority date” – that is, to show that an applicant adequately possessed the invention described in the provisional application as of the provisional application’s… Read more »

Your time is limited.  You are investing it where it counts: in creating your revolutionary product or service, forging essential business relationships and hiring key talent.  Why press “pause” to implement employment policies when you’re not even sure you need them yet? You’re right to question whether and when to implement employment policies for your… Read more »

When you terminate employment or an employee quits voluntarily, here is what you must provide to the exiting employee: Final paycheck (including all accrued but unpaid wages) include all accrued but unused vacation time or paid time off if required by state law or by policy include unpaid but earned bonuses deadline—state law will dictate whether… Read more »

UK review by Chris Coulter Many startup companies rely in their early stages on advisors to assist with strategy, fundraising, introductions, technology and other areas.  Generally, advisors in startup companies receive their compensation in the form of equity (stock options) rather than cash.  Where an advisor is providing real services for compensation, companies should memorialize… Read more »

One of the best ways to assure your investors that your company is operating effectively is to have good governance practices in place.  A well-functioning Board of Directors having regular meetings is a great way to keep your key investors informed and engaged, and is a critical component of sound corporate governance.  Here are some tips… Read more »