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Corporate & Securities Law

The Startup Lawyer The Startup Lawyer

Entrepreneur and Startup Company Law

Post Frequency: 1.9/day

Last Entry: April 15, 2020 at 16:22:08

Recent Entries: 335

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Startup Lawyer Dress Code

Posted on October 01, 2010
“What bet did you lose?” “Did we get sued?” “Who died?” These are some of the wisecracks I get from most of my startup clients when I show up to their office wearing a suit. And since about half of my clients wear flip-flops to work, I probably should know better than to wear dress [...


Dealing with a Startup Creeper

Posted on August 30, 2010
Advisors are great for startups. They can provide your startup with guidance on a wide range of topics and typically take a seat on your startup?s advisory board. But sometimes a person who gives your startup infrequent, casual advice will broadcast to the world that he or she is an advisor to your startup in [...


Laptop Exercise Bike

Posted on August 25, 2010
It’s been a pretty busy summer and with the football season fast approaching, becoming more productive during the week is crucial. Thus, I bought a laptop exercise bike for my office from FitDesk. I gave it a test cycle and it was pretty sturdy, and most importantly, it was quiet...


Convertible Note Term Sheets

Posted on August 24, 2010
Just like the preferred equity financing process, the convertible debt financing process can start with a term sheet, rather than a full set of financing documents. A convertible note term sheet is beneficial because it postpones a lawyer from cranking out a full set of docs until consensus is reached regarding the convertible debt [...


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Keeping a Seed Financing Round Open

Posted on August 23, 2010
Startups don’t want to wait until every investor is ready before closing on a seed financing round. First, the roster of investors will not be identified and/or cutting checks on the same day. Second, what startup wants to wait on cash? Therefore, most seed financings allow for an initial close (i...


Startup Weekend Austin

Posted on August 23, 2010
The first Startup Weekend Austin is set for the weekend of September 10-12th and will take place at CoSpace. I’ll be one of the Friday night speakers. What: Startup Weekend Austin Where: CoSpace, 911 West Anderson Lane #203, Austin, TX 78757 When: September 10th at around 5pm (the pitches will start a bit later) Tickets [...


Update to Accredited Investor Definition

Posted on August 20, 2010
The Dodd-Frank Wall Street Reform and Consumer Protection Act probably won’t fix or prevent anything, but it was successful at modifying a portion of the definition of an accredited investor. Official Language in the Dodd-Frank Act: ———- SEC...


Be A Mentor Now (Big Brothers/Big Sisters)

Posted on August 19, 2010
Most, if not all, startups desire mentorship from those that have “been there before.” But have you thought of doing some mentoring yourself? The Big Brothers/Big Sisters program is (always) in need of mentors… especially male mentors...


Filing a Charter Is Not a Startup Incorporation

Posted on August 18, 2010
I’ve noticed a lot of recent articles promoting that a startup can “skip the lawyer” and incorporate via an online service. These sites typically list about 20 incorporation tasks they’ll do for your startup for around $250 plus the applicable state filing fees...


Angels Asking For Control

Posted on August 12, 2010
Occassionally, a startup will get a term sheet from an angel with a pre-money valuation less than the investment amount (i.e., the angel wants control of the startup). And “control” isn’t just defined as a majority of the shares of the company — if the angel asks for approval of all budgets [...


Tech Wildcatters Demo/Pitch Day ? July 29th

Posted on July 22, 2010
Tech Wildcatters will be showcasing their first graduating class of startups July 29th @ 1pm. Location: The Magnolia – 3699 McKinney Avenue, Dallas TX Program: 1:00pm — Welcome and Introduction to Tech Wildcatters 1:30pm — Keynote by Charlie Feld 2:15pm — Break 2:30 pm — Presentations by the TechWildcatters Class: CollegeJobConnect ? better undergraduate [...


The Convertible Note Discount Price Cap

Posted on June 22, 2010
If you follow this blog, you know that I think convertible debt is a good structure for a startup’s angel round. The main feature of the convertible note is that the debt investment made by the angel investor will typically later convert into equity...


Dallas Startup Happy Hour 2.0

Posted on June 09, 2010
For the past 2 years, Dallas Startup Happy Hour has hosted thousands of entrepreneurs who have made connections and even formed startups out of the event. Now it is time to mix it up and provide even more value to the Dallas startup community: New Venue: Architel’s new facility in the North Tower of [...


Series A Startup CEO Salary

Posted on June 09, 2010
A startup’s Series A financing shouldn’t be a large liquidity event or salary payday for the startup’s founders. While a startup typically receives millions of dollars in a Series A, if too much of that $$$ flows guaranteed to the founders, various incentives get out of whack...


Dallas Startup Happy Hour Tonight

Posted on June 07, 2010
Startup Happy Hour is held the first Monday of every month and is open to all Dallas – Fort Worth area startup founders, startup employees, investors, and people thinking about doing a startup. The event was started by Alex Muse and has been connecting entrepreneurs with employees, co-founders and angel investors since 2008...


Beers with Brad Feld in Dallas

Posted on May 24, 2010
Brad Feld will be in Dallas this Friday and will put on a “Beers with Brad” event at Lotus. I’m pretty sure Brad is the hottest celebrity to hit Lotus since Britney did in 2009. So Dallas, let’s put on a good event and make Brad believe Dallas (his hometown) should be [...


The Contract ROI Trap

Posted on May 10, 2010
Several weeks back, 37signals asked “Employment Contracts: What are they good for?” on Signal vs. Noise. Basically, they questioned the value of their employment contracts since they have never had an employment dispute: “Why have we become so dependent on lawyers to control every relationship inside our companies? Why is ?just in case? the [...


Help Me Out of the Sandbox, Please!

Posted on May 06, 2010
Since I moved from thestartuplawyer.com to startuplawyer.com, my organic visits have been down 80%. I usually get about 400 visits per day from search and now I’m floating around 100. I’ve done a 301 re-direct and a change of address via google’s webmaster tools...


Startup Weekend L.A. Presentation

Posted on May 01, 2010
Here’s the presentation slides from Startup Weekend Los Angeles: Startup Weekend Los Angeles View more presentations from startuplawyer.


Dallas Startup Happy Hour @ CoHabitat

Posted on April 27, 2010
CoHabitat will be the host of the May 2010 Dallas Startup Happy Hour. The Dallas Startup Happy Hour is the talk of the startup community in Dallas. Check out the coverage in the Dallas Morning News here: http://bit.ly/aKTJDq As a result of the events, several startups have found a) employees, b) co-founders, c) [...


Knights In Shining Armor & Wolf Tickets

Posted on April 20, 2010
Why does it seem like those who claim to be the “miracle solution” for your startup end up letting your startup down? Of course, as a service provider to startups I’m in a bit of a quandary writing this post. (Your startup might need a lawyer; it might not...


Dallas Startup Weekend #2 Presentation Slides

Posted on April 18, 2010
Thought I would share the deck I used at Dallas Startup Weekend #2. I successfully used my new iPad to give the presentation. The presentation was successful because I didn’t hold up lunch. Startup Weekend Dallas #2 Presentation – Startuplawyer...


The When to Incorporate Decision-Matrix

Posted on April 12, 2010
In a recent post, I detailed some incorporation-related points of interest if I launched my own startup. The post presumed I made the decision to push forward with the incorporation of my startup. But how do you know when the time is right to incorporate your startup? Advice Varies There’s a wide range of counsel [...


Dallas Startup Weekend 2 (And L.A., too)

Posted on April 07, 2010
Dallas Startup Weekend 2 – April 16 to April 18 Dallas Startup Weekend 2 is only 9 days away and will be held at Company Dallas (1701 N. Collins Blvd, Richardson, TX 75080). Register for Dallas Startup Weekend 2 here. I’ll be speaking at Dallas Startup Weekend along with Steven Thrasher, Matt Himelfarb, Tiffany Sunday, Cameron [...


Moving to Austin

Posted on April 01, 2010
I’m Gowalla-ing!!! I have decided to move from Southlake to Austin at the end of April. After a comprehensive polling of my clients, the overall consensus was that Austin was the place to be so that I could properly scale my business. I hope that I can assimilate in Austin successfully, even though I [...


Acquisition of StartupLawyer.com

Posted on March 24, 2010
Last Friday, I was talking with @rylanbarnes, @jakemarsh, and @amuse about how I have wanted to obtain craved the startuplawyer.com domain since 2006. I attempted to acquire the domain before launching this blog, but ended up going with thestartuplawyer...


If I Launched a Startup

Posted on March 17, 2010
Here’s what I’d do in the beginning: Incorporation (1) Entity Choice: Corporation or Corporation (2) State of Incorporation: Delaware (3) Authorized Shares in Charter: 10,000,000 Shares (4) Type of Shares: Common Stock (5) Par Value of Common: $0...


Tickets on Sale for Startup Weekend Dallas 2

Posted on March 15, 2010
I had a chance to meet up with Clint Nelson, one-half of the Startup Weekend full-time partners, this past week when he stopped in Dallas on his way down to SXSW. He and I were both shocked that Startup Weekend Dallas 2 is only a month away (April 16th to the 18th)...


Model Seed Funding Doc Myths

Posted on March 11, 2010
A variety of model startup seed funding docs have been released in the past year or so: TechStars Series AA Preferred, YCombinator Series AA Preferred, and TheFunded Founder Institute’s Plain Preferred. And as I mentioned last week, Fenwick & West and Andreessen Horowitz released the Series Seed model documents...


It Is Not Your Baby Anymore

Posted on March 08, 2010
Many entrepreneurs treat their startup like their baby. And rightfully so. The entrepreneur has likely shed blood, sweat, tears, and some cash on the startup, therefore the entrepreneur wants to keep the startup in its grasp and control at all times...


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