5 Things to Keep in Mind When Picking Investors
tl;dr – Startup founders need to consider items beyond capital when choosing investors to join their team. You must assess investors for personality fit, fund horizon, time commitment, the ability to fill gaps, and belief in you and your team. As a startup founder, picking the right investors for [...]
3 Tips for Startups Dealing with Runway Issues Resulting From the Coronavirus
tl;dr - Make sure you properly transition any employees being terminated or moved into a non cash paying consulting role, review your contracts and negotiate with everyone, and look for alternative financing including the recent SBA disaster loan. No preamble here let’s get right to it. Everyone is worried about [...]
Board of Directors v. Board of Advisors
What’s the difference? tl;dr – A company’s Board of Directors has decision making authority for major business conducted by the company as well as a fiduciary duty to the company. A Board of Advisors advises the company on strategic matters but does not have decision making authority or a fiduciary [...]
Should you hire an independent contractor or an employee?
The short answer of course is – it depends. A founder must balance the following needs: Responsiveness Cash burn Ability to control and command Administrative burden Culture & commitment. This blog post isn't a technical one about the nuances about the law - we'll get into that in future posts [...]
Non-competes 101
As a startup founder you should be aware that executing a contract containing non-compete and non-solicit language with your team member is an excellent way to protect your company. This post focuses on non-compete provisions. What restrictions are created by non-compete/non-solicit provisions? At a high level the non-compete language restricts [...]
5 Things to Keep in Mind When Picking Investors
tl;dr – Startup founders need to consider items beyond capital when choosing investors to join their team. You must assess investors for personality fit, fund horizon, time commitment, the ability to fill gaps, and belief in you and your team. As a startup founder, picking the right investors for [...]
3 Tips for Startups Dealing with Runway Issues Resulting From the Coronavirus
tl;dr - Make sure you properly transition any employees being terminated or moved into a non cash paying consulting role, review your contracts and negotiate with everyone, and look for alternative financing including the recent SBA disaster loan. No preamble here let’s get right to it. Everyone is worried about [...]
Board of Directors v. Board of Advisors
What’s the difference? tl;dr – A company’s Board of Directors has decision making authority for major business conducted by the company as well as a fiduciary duty to the company. A Board of Advisors advises the company on strategic matters but does not have decision making authority or a fiduciary [...]
Should you hire an independent contractor or an employee?
The short answer of course is – it depends. A founder must balance the following needs: Responsiveness Cash burn Ability to control and command Administrative burden Culture & commitment. This blog post isn't a technical one about the nuances about the law - we'll get into that in future posts [...]
Non-competes 101
As a startup founder you should be aware that executing a contract containing non-compete and non-solicit language with your team member is an excellent way to protect your company. This post focuses on non-compete provisions. What restrictions are created by non-compete/non-solicit provisions? At a high level the non-compete language restricts [...]