Convertible Note Maturity Date Terms
Convertible notes are a very common startup financing method. Convertible notes contain a maturity date provision at which point the notes are to be repaid with interest. This is usually set at 18-24...
View ArticleRight of First Refusal in Company Bylaws
A Right of First Refusal provision provides a startup with the right to step in place of a prospective 3rd party purchaser when a current stockholder desires to sell their stock. That is, the startup...
View ArticleTech Wildcatters Pitch Day May 2016
Tech Wildcatters, the original Dallas accelerator, is hosting their first pitch day of 2016 on May 26th at the House of Blues in Dallas. Here’s the streamlined agenda: 12:45pm — Accredited Investor...
View ArticleAccelerator Investments Should Be Convertible Equity
I previously wrote that accelerator documents should be easy. At the time, I thought accelerator documents should be easy primarily because of the potential adverse selection problem for the...
View ArticleU.S. VC Process for Indian Startups
As an India-based startup, closing on U.S. venture capital is similar to doing so if your company was completely US-based, with a few notable differences. In the past several years, I’ve represented...
View ArticleVoting Rights of Vesting Shares
One of the most asked questions I receive when setting up new startup companies is “Do my vesting shares have any voting rights?” Or in other words, does a stockholder only get to vote based on their...
View ArticleSo I wrote a Startup Law Book called “Acceleration”
If you follow this blog, then you probably know new posts have been harder to find than a four-leafed clover in the desert. But I had a good reason — I’ve spent the good portion of the last 3 years...
View ArticleAcceleration Startup Law Book Title and Cover Design
Thought I might take some time to explain the origin of the title and the book cover design for “Acceleration: What All Entrepreneurs Must Know About Startup Law“. The Title — Acceleration Quite often...
View ArticleAcceleration Book Update – 1 Month
I wanted to give a brief update on the launch of my new startup law book. The book was launched March 5, 2019 and on the very next day…I left for a family vacation on the other side of the world. So,...
View ArticleSorry, Not Sorry: Still Delaware C Corporations for Early-Stage Tech Companies
Are you planning on getting venture funding or do you want to sell your tech startup for a big chunk of change one day? Then it’s extremely likely your startup should be a Delaware C-Corp. A disturbing...
View ArticleImportance of Using Exact Share Numbers Instead of Percentages
It is very common for startup founders to talk about the ownership of their startup in terms of percentages. This makes perfect sense when providing a snapshot of the startup ownership at any given...
View ArticleHow to Check Availability and Reserve Your Startup’s Name in Delaware
Luckily, and unlike most states, Delaware has a free online system for checking legal entity name availability. That system can be found here. It is relatively easy to use and will make your filing...
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