Joining your first startup board as a VC or other investor designee is a big thrill!
You are joining a team you’ve invested in and you are excited to help them build something new and innovative!
But startups are known
Is your company patenting its patentable inventions? If not, others can file patent applications right on top of your core innovations and potentially block your company from using them.
The U.S. changed from a “first-to-invent” jurisdiction to a “first-inventor-to-file” jurisdiction
This article explains the pros and cons of starting a new biz as a limited liability company or as a corporation.
Despite what a famous business personality keeps saying, an LLC is NOT ALWAYS the best form of incorporation.
Spoiler
As you might guess from this old picture from my days in the SEC’s Enforcement and Corporation Finance divisions, I’ve been thinking about these issues for a few years….
Before we dive in, remember that it’s “securities law, ” not
The rise of startup culture and ecosystems has driven a proliferation of individuals holding themselves out as startup advisors. Many of these folks have at least some experience as founders themselves or as investors.
As should be expected, some startup
I took the “admin law” class in law school. It was deadly dull and the professor failed to breathe any life into it.
But suddenly in 2024, admin law is very much alive. It’s now the hot area of law
The Delaware General Assembly is about to change the Delaware General Corporation Law (DGCL) as soon as June 30 of this year in ways that could diminsh Delaware’s status as the go-to state for incorporation.
The proposed amendments to Section
Joining a startup? Get your stock options right! Here’s what to know about grant sizes, vesting, cliffs, exercise price, and the ISO v. NSO dichotomy, plus advanced asks around accelerated vesting, cashless exercise, future retention grants, extended post-termination exercise rights,
NOT TAX OR LEGAL ADVICE – ALWAYS CONSULT PROFESSIONAL ADVISORS
Executive Summary
As a tool of commercial justice, arbitration substitutes for litigation about as well as tofu substitutes for a good steak.
Having been involved in hundreds of disputes, I can say with confidence the only times you should hope a