When starting a new company, it’s easy to focus entirely on the business you are building, but it’s also important to make sure that you see the big picture. Here are three areas to keep covered:
1. Make sure a market exists. While you may be convinced that you have the answer to an important question, talk to people who know the space you are trying to move into. They can help you figure out whether your solution addresses a pressing need that people are willing to pay for.
2. Protect your intellectual property. Under the new “first to file” rules, you need to make sure that you are the “first inventor to file” in order to protect all of your intellectual property—not just your patents. Your trade name is a powerful part of your brand and provides real value to you and your investors.
3. Establish a regulatory pathway. Make sure you have addressed all of the regulatory issues that might affect your business and that you understand how to navigate the jungle of rules and regulations. Savvy investors will want to hear your strategies.
Is 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 […]
How 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 […]
Fiduciary 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.