Startup Professionals Musings

APRIL 11, 2021

Early partners or co-founders often drop out of the picture early due to disagreements, and you forget about them, but they don’t forget about the verbal or email promises you made. Later, when your venture is trying to close on financing, or even going public, that forgotten partner surfaces, demanding their original share.

Cost 363

Cost Non-Compete Accredited Investor Cofounder 363

Startup Professionals Musings

AUGUST 7, 2013

Early partners or co-founders often drop out of the picture early due to disagreements, and you forget about them, but they don’t forget about the verbal or email promises you made. Later, when your venture is trying to close on financing, or even going public, that forgotten partner surfaces, demanding their original share.

Non-Compete 235

Non-Compete Accredited Investor Startup Cofounder 235

Startup Professionals Musings

JULY 10, 2012

Early partners or co-founders often drop out of the picture early due to disagreements, and you forget about them, but they don’t forget about the verbal or email promises you made. Later, when your venture is trying to close on financing, or even going public, that forgotten partner surfaces, demanding their original share.

Non-Compete 249

Non-Compete Accredited Investor Cofounder Startup 249

Startup Professionals Musings

JANUARY 7, 2014

Rely on informal agreements with partners. The same principles apply to strategic partners. Later, when your venture is trying to close on financing, or even going public, that forgotten partner surfaces, demanding their original share. Cultural and religious implications must be very carefully considered.

Startup 265

Startup Intellectual Property LLC Burn Rate 265

Startup Professionals Musings

MAY 2, 2011

Later, when your venture is trying to close on financing, or even going public, that forgotten partner surfaces, demanding their original share. This problem can be avoided by incorporating immediately after early discussions, and issuing shares to the founders, with normal vesting and other participation rules.

Non-Compete 246

Non-Compete Accredited Investor Entrepreneur Cofounder 246

Startup Professionals Musings

NOVEMBER 28, 2012

Rely on informal agreements with partners. The same principles apply to strategic partners. Later, when your venture is trying to close on financing, or even going public, that forgotten partner surfaces, demanding their original share. Cultural and religious implications must be very carefully considered.

Entrepreneur 274

Entrepreneur Intellectual Property LLC Burn Rate 274

Gust

DECEMBER 29, 2013

Rely on informal agreements with partners. The same principles apply to strategic partners. Later, when your venture is trying to close on financing, or even going public, that forgotten partner surfaces, demanding their original share. Cultural and religious implications must be very carefully considered.

Startup 183

Startup Intellectual Property LLC Burn Rate 183