pdshrader

6 ms·

1.
by pdshrader 2y ago
Just want to say thank you for this! I used similar settings from Lampasas, TX (about 90 miles from Austin) and the photos came out great! Hope your part of Austin cleared up in time for you to catch some!
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by pdshrader 3y ago
What a lovely story and well-explained!
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by pdshrader 3y ago
This "third way" is only really possible if you're strategically aligned with the "one round" investors you have. It's easy to point to a few companies that have gotten buy-in from their investors and generate
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by pdshrader 4y ago
Startup lawyer here (but not your lawyer). This is good advice (ask a lawyer you trust for a referral in the right legal specialty). More particularly for this question, while the state bar can be okay for referrals, you probably want so
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by pdshrader 6y ago
Thanks for sharing this - not a conversation anyone wants to have, but there's a surprising lack of "good example" resources for those who have done this well.
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by pdshrader 7y ago
For those who are interested in this type of subject matter, I can highly recommend Eric Goldman's blog (the primary source for this article), at https://blog.ericgoldman.org/ Goldman was one of the first "interne
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by pdshrader 8y ago
I was curious about the details of this, so I looked it up. There's a 15% excise tax statewide in CA. It used to be a straight 15% on top of the sale price, but now it's calculated based on the average market price for an arm&#x2
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by pdshrader 8y ago
(Hijacking top comment for visibility) Why/how is Robinhood now showing how far along I am compared to my friends on the waitlist? I dont believe I ever enabled any social sharing, and Robinhood's access to my contacts is shut of
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by pdshrader 8y ago
California startup lawyer here, but not your lawyer. This is not legal advice. There's some misinformation here, so I'll clarify: - California won't enforce noncompetes, except for a very limited set of circumstances (i.e.
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by pdshrader 8y ago
Lawyer here, but not your lawyer. We're just talking about generalized nonspecific hypotheticals here. You aren't required to incorporate at all (but in many cases it's the best course for mitigating risk). People start b
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by pdshrader 8y ago
What do you mean by "allow access to financing"? A fair number of founders maintain their stock ownership through an entity like an LLC. This could be for all sorts of reasons (tax planning, separating assets/liability). I
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by pdshrader 8y ago
And on top of that, when you eventually do realize you want to change the domicile to Delaware, you find out that California corporations don't allow direct conversions into Delaware corporations, so you have to pay lawyers an extra co
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by pdshrader 9y ago
It's muddy for 2017 and prior years, but the new tax bill limits 1031 "like-kind" exchanges to real estate - so beginning Jan 1, 2018, it's a taxable event every time you sell a cryptocurrency, even if you're receiv
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by pdshrader 9y ago
I agree that comprehensive catalogues matter more for music, but I think we're missing another area where Netflix and Spotify are similar (and where Spotify may arguably be better than Netflix): acting as a recommendation engine. Netf
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by pdshrader 9y ago
Private venture-backed companies sell stock in the form of "preferred stock", which comes with certain rights like liquidation preferences (they get their money back first) and protective provisions (i.e. "SpaceX can't d
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by pdshrader 9y ago
Lawyer here, but not your lawyer. Anti-SLAPP laws are pretty limited, but a peer over in /r/law had a phenomenal idea for addressing this, which I'm copying over here. There's a little something called a "'Mot
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by pdshrader 9y ago
The Attorney General of NY says it's not: https://twitter.com/AGSchneiderman/status/906195350532304896
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by pdshrader 9y ago
If you have access to Intelligize through your firm, their product is excellent at parsing and tracing contract provisions in public filings. Source: Not a representative of Intelligize, but I've used their product quite often at my fi
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by pdshrader 9y ago
@spinklock - it's the industry standard. My firm does the same (although now it's done through our file management systems instead of through software installed on our laptops).
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by pdshrader 10y ago
Ehh, since VantagePoint (DE Supreme Court affirming Chancery Court, 2005) and Lidow (CA appellate court in dicta, 2012) there hasn't been anything saying that Section 2115 should apply that I've come across. It's not perfe
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by pdshrader 10y ago
Yup. Noting also that incorporation costs are generally a fixed ceiling, whereas the conversion costs are a likely minimum. ;)
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by pdshrader 10y ago
Agreed. The argument Gust presents here for making a C-corp is pretty darn thin, if not verging on inaccurate. I agree that a C-corp is the right way to go if you're planning on raising venture rounds, but the three reasons presented
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by pdshrader 10y ago
True, but most people don't actually know the practical effects of having an established body of law. Mostly because it's difficult to compare Delaware with 49 other different sets of rules in a digestible format. Here's one
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by pdshrader 10y ago
* note also that there's the oft-quoted "60% of Fortune 500 companies are Delaware C-corps," but most people forget about the contrapositive - that 40% of the Fortune 500 are NOT Delaware C-corps. It's the most common w
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by pdshrader 10y ago
Startup/Venture Capital lawyer here (but not your lawyer). Winding up a corporation can take a little time, but it's generally not terribly complex. It's mostly filing a few forms with the state. However, there are more con
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by pdshrader 10y ago
Startup/Venture Capital lawyer here (but not your lawyer). Agreed with chimeracoder below. As for cost, a few grand is a good minimum estimate, but it really depends on the complexity. If you've been around as an LLC for a while
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by pdshrader 10y ago
Sure, as a general rule, but conversions from LLCs to C corps can get very complicated as well in short order, especially when there have been different types of equity issued to founders/employees (e.g. profits interests, convertible
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by pdshrader 10y ago
Startup/Venture Capital lawyer here (but not your lawyer). The foreign qualification requirement is fairly universal - California has it, too. There are occasions when incorporating in a different state can be beneficial, but general
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by pdshrader 10y ago
I believe it's a misattribution to automatically equate lower-ranked law schools with "inferior legal abilities". Especially considering that law school coursework (1) is largely the same at various law schools, and (2) rare
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by pdshrader 10y ago
First off, a share in what? Is this assuming that, like most startups seeking investors, the company is formed as a Delaware corporation? Or do you want something more along the lines of a partnership agreement, to use before any of the f

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