Popular Tools for the Entrepreneur
Starting any successful business requires having the right tools, but knowing which ones are right for you can be the challenge. BestVendor surveyed 550 startups, each with up to 100 employees, to find what they have in their kit. The results are in this infographic.
You’ve Got VC Money: The Punchlist
As outside counsel to thousands of VC-backed startups, we are often asked the same questions about what startups need to do after raising their first round of VC financing. Here is a quick and dirty list of those next steps. The action items below are described in…
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…
You’ve Got VC Money: Board vs Stockholder Approval
While your financing agreements might have other requirements, below is a nonexhaustive list of the types of corporate decisions that typically require board and/or stockholder approval: Board Approval Is Required to: Stockholder Approval Is Required to: Amend the charter or bylaws. Approve significant corporate transactions (e.g., sale…