Dallas Startup Happy Hour
I attended the Dallas Startup Happy Hour (sponsored by SpringStage) last night. This was the second time I attended but this one was especially great because I got to bring along one of my clients who is working full-time on his startup. He got a much-needed break from coding and was able to network and just otherwise talk shop with other startup entrepreneurs. Thus, if you are a current startup in the DFW area or maybe just thinking about it, consider attending a future Dallas Startup Happy Hour. It’s being held every other week at the High Tech Bar at the INFOMART Center in Dallas.
Here is the motivation for the event:
We are working to build a vibrant startup community here in Dallas every bit as interesting and dynamic as San Francisco, Boulder, Boston or Austin. The first step is engagement. If you are an entrepreneur (future, current or past) you should attend. If you are working for a startup you should attend.
I’ve had the pleasure of meeting many great people, including (but not limited to):
-Jason Hudgins of Droidworks
-Andy Chen and Andres Fabris of Traxo
-Brad Brawner of SportsJungle
-Bradley Joyce, web developer & entrepreneur and the newest member of the SpringStage team
-Lincoln Murphy of Morph Labs (who helped me with the correct pronunciation of “mysql” and explained what “the cloud” is.)
-Scot Duke of Innovate Business Golf Solutions
About the Author
Ryan Roberts is a startup lawyer and represents technology companies through all phases of the startup process, including incorporation, seed & venture financings, and exit transactions. Click here to learn more about his practice.
View Comments
Hi Ryan –
I missed meeting you at the Dallas Startup event – I'll have to make sure to look for you next time. I've enjoyed reading your posts and I didn't realize you were here in town until this post!
– Scott Whigham
LearnItFirst.com
Sure thing, Scott. I've met a lot of great people there and I look forward to adding you to that list.
Hi Ryan – excellent blog. A question unrelated to the start-up holiday party.
Can I assign "prior IP / patents" to cover the cost of restricted stock (Fair Market Value) in a new start-up? The FMV is significantly more than the usual penny. Can prior IP be used to cover the cost? Any tax implications?
thanks
Joe -
Yes, you can likely assign prior IP to purchase stock. The type of consideration you can use to purchase stock is found in each states' corporations code. Most states allow this (Delaware, California).
It sounds like your transaction will likely be tax-free via Section 351 of the Internal Revenue Code. But of course, please seek the advice of counsel on this one (and all other matters).