It’s that time of year again when a good portion of the startup world flocks to Austin Texas for SXSWi. This year, I’ll be involved with two events: Dallas Drops the Mic — March 14th 6pm-8pm The official blurb about this event is: “Join the Dallas Startup Community in a truly
Tech Wildcatters Pitch Day 2014 will be held on Thursday, May 22 from 1 to 3:30pm (Dallas Time) at the Granada Theater. At Pitch Day 2014, the 13 startups of the 2014 Tech Wildcatters class will present: -Akros Tech Labs -GetReal.Estate -GruupMeet -Guideally -iCcode -InstantAPI -My Dealer Service -Nexiden -Pledgecents
My firm and Tech Wildcatters are co-hosting a live mock Series A term sheet negotiation on April 25th from 1-3pm. The event will take place at Tech Wildcatters at 2700 Fairmount St in Dallas Texas. Brad Hunstable, founder and CEO of Ustream, will play the role of the startup founder
If you want to discuss liquidation preferences, vesting schedules, or anything startup-related, I’ll be holding an office hour session this Friday March 7th from 130-230pm at UP Global’s SXSW Startup Oasis. The office hour portion of Startup Oasis is blocks of time where you can meet with mentors across a
Some financing rounds close on one specific day. That is, all investors fund the full investment amount of the financing round on the same day. This is usually the case when a financing round has a small number of investors who can coordinate with the startup on a closing date
In case you didn’t know, this blog contains a glossary of terms that startups may encounter anywhere from their initial startup to sale/IPO. You can reach it at the top of each page by clicking on ‘glossary’ or directly via https://startuplawyer.com/startup-law-glossary. We started out with about 150 terms but now
Occasionally, early investors will send extensive seed round due diligence requests to a startup way too early. By way too early, I mean when a potential investor sends your startup an 8+ page seed round due diligence request list– without having made any sort of “commitment” to invest. This transmission of a
My firm has decided to start accepting payment via bitcoin. We had our first bitcoin transaction yesterday from a client that just so happens to be in the bitcoin space. The firm decided to go with Coinbase as our “international digital wallet”. The firm made the decision to accept bitcoin
Due primarily to monetary constraints, many founders maintain a separate job (i.e., “day job”) during the initial stages of their startup. This is usually the case whether or not the startup is incorporated, and is a common way for the co-founders to self-fund or otherwise hedge their bet prior to a
In conversation at various startup events, I hear a common but potential misconception relating to “control” and the board of directors. For example, I often overhear “it’s great that the founders only had to give up 1 board seat, so they still retain control of the board/company.” But board composition
