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Clearly a startup should consult its lawyer before filing or not filing.But the attorneys I relied on to write this piece told me that they’ve done lots of Section 4(2) deals in the past, and would recommend it to clients who had relatively simple financing agreements (not tranched-out, not too many investors, etc.) Short answer: no.
A company developingsoftware would have to buy computers and license software from other companies and hire the staff to run and maintain it. Today open source software has slashed the cost of softwaredevelopment from millions of dollars to thousands. VCs have now ceded more control to founders.
Instead I will make a few observations about how an investor might think about the impact of ICOs / token launches on the venture capital industry, in particular, and some of the downstream ramifications that need to wrestled with. Need for growth capital. Shift of value from equity holders to token holders. Fuzzy Governance.
Instead I will make a few observations about how an investor might think about the impact of ICOs / token launches on the venture capital industry, in particular, and some of the downstream ramifications that need to wrestled with. Need for growth capital. Shift of value from equity holders to token holders. Fuzzy Governance.
Other sources of capital. If you believe in it – then finance whatever you can yourself. I’m a web designer but I need to find a dependable softwaredeveloper to team with. We have a few contracts for softwaredevelopment, most of which were found through connections. What is next for you Dan?
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