Many people form LLCs or corporations to protect their personal assets. You don’t want to lose your car, your house, or your personal savings because a business venture didn’t work out. Forming an LLC or corporation gives you access to limited liability. But LLCs and...
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...
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...
There are plenty of savvy startup experts who will tell you that there is absolutely no reason to form your startup as an LLC. You should always be a Delaware C Corporation. If you talk to any of the major accelerators, that’s what they’ll tell you. Same for most VCs....
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...
