Legal Services for Savvy Businesses in Colorado
Most startup founders have a pretty basic understanding of how to split equity in their startup. “I want to split equity 70-30” or “I want to split it 50-50.” That’s an okay starting point, but it doesn’t get you all the way there. To get it right, you need to understand the little nuances. And […]
Kickstarter alone has led to almost 3 billion dollars of funding to nearly 120,000 projects. Crowdsourcing has become a viable alternative to traditional funding sources, whether the focus is launching a specific project or building a business. The success stories of crowdsourced funding are as varied as the projects funded. However, the lessons from failed […]
Could you imagine if someone went to a restaurant and said: “Hey, chef, I was looking on the internet and I found a bunch of recipes I liked. So I cooked a five-course meal, with appetizers, starters, salad, dessert, and the whole shebang. But I’m not sure it tastes all that great so I was […]
Conflicts with your business associate(s), particularly for start-ups, can be difficult. Most importantly, you want to address and resolve those conflicts before they interrupt your bottom line—building a successful company and promoting a solid venture. It cannot be said enough: Start-ups and any other business relationships should be grounded in written documentation. If you have […]
When you’re a startup lawyer, part of your job is to serve as a document merchant. It’s part of the job, but it’s probably my least favorite part of the job. I love learning from startups. I love working with startups. Working with growing startups to make them better — that’s just what we do. Providing high-quality documents […]
This is a question I try to ask all startups that hire me at the very beginning. And while some startups know right away why they’re doing what they’re doing, a few struggle to answer. Having seen hundreds of startups in their birthing stages, I think the answer to this question drives the answers to […]
Having to negotiate and formalize a contract is great news for a startup. What it means is, we’re in business! But it also means you’ve come to a place where your choices and actions have real consequences. Make no mistake, one badly constructed contract absolutely has the power to undo every minute of work you’ve […]
When I read Startup CEO by Matt Blumberg, it made me think about a question that often comes up when I think about startups. Namely, what is a startup? Matt Blumberg is the CEO of Return Path, a company with more than 400 employees. The majority of CEOs that I work with in early-stage startups […]
When you first started your business, it was just you, and you formed it as an LLC. Now, the Foundry group, or a finicky Angel has come calling, and they want you, an LLC, to convert to a corporation. How big of a deal is it to change from one to the other? Today, this […]