Advisor Stock Option Grants

One asset that startups should consider taking advantage of is advisors. Luckily for startups, advisors are prevalent and can be readily found through incubators, networking and/or personal contacts. The best advisors are in it to pay it forward or give back to the startup community. If you want to take

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Insights Seminar: Convertible Notes

On January 22, 2014, my law firm is putting on a seminar on the topic of Convertible Notes. I will be the presenter and will discuss topics such as the pros and cons of a convertible debt round to specific terms and structural tactics. The seminar is free for entrepreneurs

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Startups Should Invest in a Quality Scanner

When your startup goes through due diligence for an investment round or an exit, investor’s or buyer’s legal counsel will typically send a laundry list of document requests. These documents range from the startup’s bylaws to stock option agreements to third party contracts to prior financing documents. Quite often, these

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The Standard Financing Document Pipe Dream

There will never be a single standard set of financing documents, whether for seed or venture capital rounds. And interestingly, the variance in documents increases as the deals get smaller. The closest to a standard set is the NVCA forms, but those are for larger Series A/B/C type rounds. Regardless, it

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SAFE Seed Financing Documents

I wrote an article for LaunchDFW titled “SAFE and SOUND? A Primer on the new YC Docs“.  It’s somewhat geared towards the Dallas Fort Worth startup scene, but I believe it’s probably relevant for most of the country/world.

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Of Mice and Mentors

There are a ton of positives that mentors provide startups, as no one person innately has the skill set and/or experience to run a successful company. But if there is an incubator bubble, does that beget a mentor bubble? Mentors at incubators should be in it strictly to pay it

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Announcing Roberts Foster LLP

I’ve been told by my board of directors (i.e., my wife) and various clients that I should blog more often. I figured the best way to do that was to bring on additional personnel at my day job. So I’ve done just that with the formation of Roberts Foster LLP.

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Glorified Employees

Standard seed financing terms have moved beyond the boundaries of the Bay Area, but they haven’t completely reached all parts of the globe. Of course seed investors should look to protect their investment, but some seed investors (whether in Dallas or Denmark) may look at your startup as a ‘distressed

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