Standard Seed Investor Docs
Ted Wang (Fenwick & West) has created a standard set of investor documents for Series Seed funding rounds. It’s an Open Source legal effort designed to take the 100 pages of term sheets to about 30. The approach is down the middle, not biased to the funder or the entrepreneur and without the potential gotchas
Read MoreStartup Pitch Bootcamp (FREE) – by the Founder Institute
April 7th – 6:00 – 8:00pm Davis Wright Tremaine LLP – 1201 Third Ave., Suite 2200, Seattle The Founder Institute will be hosting a free “Pitch Bootcamp” to help you articulate your startup business ideas. In just two hours we’ll help you refine your idea, improve your pitch, and find a co-founder. Best of all it’s
Read MoreBetter funding alternatives for startups…
Great article by Paul Graham on why “Fixed-size, multi-investor angel rounds are such a bad idea for startups”. Convertible notes are easy and inexpensive for early stage startups… historically the alternative was to set a fixed price (guess) and round and take multiple angels. The problem was that the early Angels take the risk and the
Read MoreThe Year of the Startup Default
The Year of the Startup Default – TheFunded.com Open Letter This is a post by Adeo Ressi about Angel debt conversion and seed round pricing options and structures. http://thefunded.com/funds/open
Read MoreThe things you like to do and those you have to do…
Its always difficult to all entrepreneurs, especially first timers to separate out the urgent from the important. This is particularly true as it relates to their product or service offering. The technical founders would rather keep coding then talk to ta customer and the marketing/sales folks may not understand the complexity of the product they are trying
Read MoreMinimum Viable Product (MVP) and Features to Launch
One of the topics that has come up recently in the Seattle Founder Institute (#sefi) as well as some other startups I’m working with is the question of how you narrow down the Minimum Features or Minimum Viable Product to launch your startup? There’s a good definition at Wikipedia from a product development standpoint. How do you
Read MoreWhere to Incorporate – Washington vs. Delaware…
Great blog post from Joe Wallin at Davis Wright Tremaine, about the differences incorporating between Washington and Delaware… This is a topic that comes up in the Founder Institute about incorporation. LLC, S Corp, C Corp, Delaware, NV, WA, etc… Typically we’re with Delaware (caveat, I’m not an attorney and dont’ play one on TV).
Read MoreShackleton Hiring – 3,000 applicants one job posting…
From Dave Shappell’s blog post – http://bit.ly/hwRxd5. Special Thanks to Dan Fine, Seattle Founder (#SEFI) Institute Mentors… I’m having a great time at the Founders Institute event tonight in Seattle. Really enjoyed this image that Dan Fine included in his presentation, of an advertisement that Ernest Shackleton posted for explorers for his ship. It read:
Read MoreMike Maples Video – Founder Showcase Video
This is a great video of a speech Mike Maples gave at the Founder Showcase in October, 2010. http://player.vimeo.com/video/16098382 Mike Maples at the Founder Showcase from Adeo Ressi on Vimeo.
Read MoreSmall Business Capital Gains extension extended…
Great article by Perkins Coie on the extension of the Small Business Capital Gains extension http://bit.ly/eL2HbZ
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