There has been a lot of talk lately that Dallas is a great environment for tech startups because of (1) the very low cost of living (especially in comparison to the California or New York) and corresponding high quality of life and (2) the very high number of tech jobs.
While the stereotypical tech startup entrepreneur is 23 years old, single and has no children, the reality is that many tech startup entrepreneurs are married and/or have children. Don’t avoid “big boy” expenses just because you are bootstrapping. That is, make sure you have (or at least look into obtaining)
You’re in a startup and everything is scarce including capital. Thus, when you encounter a legal issue (like incorporation) you conduct a cost-benefit analysis of hiring a startup lawyer. I understand the need to ensure you are getting value for the small amount of capital you start with — I
Axl Rose began working on November Rain in 1983 — a full 8 years before it was released by Guns N’ Roses. Axl came up with a piano-only version of the song early, but by the time 1991 rolled around November Rain was a full-blown hair metal power ballad. Axl
Here’s what I’d do in the beginning: Incorporation (1) Entity Choice: Corporation or Corporation (2) State of Incorporation: Delaware (3) Authorized Shares in Charter: 10,000,000 Shares (4) Type of Shares: Common Stock (5) Par Value of Common: $0.0001 (6) Initial Founders Issuance: 8,000,000 Shares (7) Founders Equity Split: Depends on
Many entrepreneurs treat their startup like their baby. And rightfully so. The entrepreneur has likely shed blood, sweat, tears, and some cash on the startup, therefore the entrepreneur wants to keep the startup in its grasp and control at all times. But once you issue equity in exchange for services
As mobile applications continue to gain popularity, more white-label mobile app deals are popping up. And while both the startup and the large company will certainly contract with respect to intellectual property asset ownership, an asset that may be overlooked is the ownership of the white-label mobile app’s users. Worst-case
If you recognize this post’s title, then you are always welcome at my table. For those of you in the dark, the title of this post is the secret code from the video game Contra. The Contra secret code let the video game player begin Contra with 30 lives. 30
Why don’t federal, state and local governments make it easier for startups to launch, grow and thrive? Colorado’s governor is proposing fast-tracking a software tax to be effective March 1. I realize these various governments need to raise tax revenue. But they end up with asinine and short-sighted “solutions” to
TechCrunch has an interesting story about how Facebook is revoking vanity URLs for violating Facebook’s policies and then giving them to companies. This isn’t your typical namesquatting case because the person’s vanity URL was /harman and the alleged namequatter’s name is Harman. But Facebook still sent Harman a message notifying
