Check Your Sketchy “Business Coach’s” References
We get a lot of questions that have “simple answers” and “more complex answers.” It’s kind of like life – and the simple answers usually trump the more complex ones. For example, I received the...
View ArticleHow Do You Find A Good Law Firm?
Question: How do you find a good law firm? Which one’s can help me get in touch with VCs? Our Take: There are many good law firms out there doing start up work. What used to be seen as solely a costal...
View ArticleWhen Is It Appropriate To Bring Your Lawyer Into Your Deal?
Question: For an entrepreneur, when should a lawyer be introduced into the conversation when dealing with Angels and / or VCs? Our Take: This depends a on whom your lawyer is and also who you are....
View ArticleShould A Company Use A Founder’s Spouse As Legal Counsel?
Question: One of our founders (not the majority shareholder) has a wife who is partner at a law firm with great VC connections. We’re setting up as a C-corp, and the question is, would it be dangerous...
View ArticleAre Advisory Boards Helpful?
Question: Does a Board of Advisors provide much value to a startup company? Would having a Board of Advisors have any impact, negative or positive, on angel or venture capital funding? It’s a lame...
View ArticleWhat Are Standard Legal Fee Arrangments For Un-Funded Startups?
Q: My question is “What is a reasonable compensation package for a startup lawyer/firm”? I’m now starting a company in Seattle and have been talking with an attorney in Seattle. After 2-3 meetings,...
View ArticleWhat Should I Pay a Recruiter?
Q: When working with a recruiter to hire for VP Engineering, etc. jobs, what are the standard terms I should expect in the recruiter’s contract? Should there be a time duration in which the new...
View ArticleI Cut The Wrong Deal With An Advisor – Should I Kill It?
Q: I am the co-founder of a startup that is currently in the process of trying to raise an early stage venture round. We recently brought on an advisor who has been incredibly successful in our space...
View ArticleAre People Who Claim To Be “VC Brokers” Legit?
Question: We are looking early stage funding for our startup and came across some people claiming to be “VC Broker”. Is there such a concept in the investing world? It’s highly unlikely that they are...
View ArticleBaldwin: Advisors – Stop Screwing Startups
Today’s post of the day comes from Micah Baldwin. Micah isn’t a VC – he’s an entrepreneur, CEO, and experienced mentor (he’s been involved in TechStars since the beginning.) He has a great rant titled...
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