Most Startups Don’t Need to Incorporate in Delaware
It used to be true that “everyone” was incorporated in Delaware due to its business-friendly laws, but many of these terms simply don’t apply to startups, or the differences don’t…
Legal Posts
The Elements of a Simple Angel Investment Term Sheet
Remember a term sheet agreement is not a deal until the check clears. Entrepreneurs sometimes assume an initial agreement with an angel is a commitment, so they start spending before…
Beware of Finders
Many entrepreneurs work with "finders" who promise to help them attract investors, usually in exchange for a large monthly retainer and a percentage of the capital raised. More often than…
What Kind of Lawyer Do You Need?
The type of lawyer you need depends on many variables. Let's assume you're a high-tech early-stage company looking for capital with realistic prospects of doing say $50 million or more…