Tag: startup legal fees
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Stock for Fees
Recently I’ve written about potential conflicts of interest between you and your startup lawyer. Now for the main event: Stock for Fees. This situation arises when a startup company offers stock to a lawyer in exchange for legal services. I’ve derived the following 2 postulates to explain why startups and lawyers agree to this setup:…
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Still a Glitch with the Y Combinator Angel Funding Legal Documents
I mentioned last week that Y Combinator was open sourcing their angel funding legal documents. I also noted that soon after the documents were made public, people (myself included) received this error message visiting the documents’ URL: Sorry, there’s a glitch with the documents and we had to take them down. We hope to have…
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Y Combinator Open Sources Funding Documents…Venture Lawyers Leave Office Early
Well I guess that’s it folks. I had a fun ride. Y Combinator has “open sourced” legal documents they provide to their startups seeking funding. The documents were created by Wilson Sonsini Goodrich & Rosati, Y Combinator’s law firm. But as of 7:39PST on August 13, there is a “glitch” with the link to the…
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How Much to Pay Your Startup Lawyer
Think back to the last time you wrote a business plan for a startup. Do you recall your estimated expense for legal fees? $1,000? $10,000? $0? How much to spend on legal fees is a common issue for startup companies with more than one correct answer. However, there are a few factors that suggest your…