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Founder Insights
You’ve Got VC Money: Board Meetings
Board meetings are your opportunity to check in with and give an update to your bosses and get feedback and guidance from the experienced members of your board. It is common for VC-backed startups to have four to six board meetings per year, though this frequency can […]
Read MoreThe Human Capitalist Series P.1: The Basics
We’re excited to introduce a multipart and ongoing series about the basics of (and some advanced topics related to) equity for startup employees and contractors. The “Human Capital” aspect of any enterprise, especially a technology company, is its most valuable asset, and we hope to highlight the […]
Read MoreHow to Prepare for an Equity Financing
We have covered in past FTTWs how to value your startup and how much capital to raise. Once your startup decides to pursue equity financing, you should start to prepare for the investor due diligence process. On the business side, you will need to prepare a business plan and should take steps such as obtaining management references, interviews and background reviews, customer/user references, technical/product reviews, financial statements and business model reviews.
Read MoreUse a Term Sheet Before You Incorporate
Lawyers will tell you it’s important to incorporate your company as soon as you possibly can to avoid personal liability and to settle all outstanding matters among the founders. That’s good advice, but the place to start is with a Term Sheet for the incorporation.
Read MoreFiduciary Duties in LLCs
In contrast to the duties that corporate boards of directors owe to shareholders, LLC fiduciary duties is a topic that often goes under the radar yet holds significant legal and operational implications.
Read MoreHow VCs Determine Pre-Money Valuation
Venture capitalists (VCs) play a crucial role in the startup ecosystem by providing the necessary funding to help emerging companies grow and scale. However, before VCs decide to invest, they must determine the value of the company in question. Valuing a startup is a complex process that […]
Read MoreIs Delaware Still the Best Place to Incorporate?
For decades, Delaware has been the go-to jurisdiction for businesses looking to incorporate in the United States. Delaware’s business-friendly laws, well-established legal precedents, and efficient chancery court system have made it a favorite among entrepreneurs and large corporations alike. Notably for tech startups, these same features also […]
Read MoreCalculating How Much Equity to Grant to Employees
Equity refers to the ownership of a company, typically in the form of stock or the right to acquire stock. While you can’t pay employees solely with equity, startups commonly use equity to incentivize their employees and attract talent.
Read MoreCalculating How Much Equity to Grant to Employees
Equity refers to the ownership of a company, typically in the form of stock or the right to acquire stock. While you can’t pay employees solely with equity, startups commonly use equity to incentivize their employees and attract talent.
Read More