siegel

11 ms·

1.
by siegel 3y ago
This is a tough question to answer based on these facts. But my first question is this: you "incorporated the company in late January." Ok, but what did you and she actually sign? That could make this a very easy situation or a ve
2.
by siegel 3y ago
Over the past few years, mass arbitrations have become an imperfect way for consumers to get relief where there is an arbitration provision with a class action waiver. Unfortunately, you'll see in the Hulu agreement (as well as in othe
3.
by siegel 3y ago
You need someone to look at your consulting agreement. This is largely about IP ownership. Happy to take a quick look if that's helpful.
4.
by siegel 3y ago
What type of co-founder agreement is this? I'm at a bit of loss as to what he, as CEO, is really contributing here. But that aside, it's completely unclear what the terms are. If you have an draft, I'm happy to take a quick l
5.
by siegel 3y ago
Have you practiced with anyone you trust and respect? Self-assessment in interviewing skills is really difficult. You need feedback about how you are actually coming off. Oh, and think about recording yourself practice interviewing.
6.
by siegel 3y ago
I wouldn't say the complications themselves are intentional. But take a look at a typical Series A. There are 5 core documents. Dozens and dozens of pages of legalese. I'm a lawyer and understand them. But most founders don't
7.
by siegel 3y ago
What type of startup are you running? Is this a SaaS product? As someone who does a lot of startup contracting (focusing on SaaS, but not exclusively at all), this is a bit surprising. Most of my clients use their own paper most of the time
8.
by siegel 3y ago
Well, that's of limited value if there are two founders, no other shareholders, and equal ownership. It's just deadlock, unfortunately.
9.
by siegel 3y ago
I work with quite a few company with dual class voting common shares. I will never understand the notion of not implementing that at incorporation if you want it. Will you have the leverage to get a VC to agree to let you keep it? Maybe, ma
10.
by siegel 3y ago
1x IS a liquidation preference. I very, very rarely see in excess of a 1x liquidation preference, regardless of the round.
11.
by siegel 3y ago
On the last point, that is why it is CRITICAL that you do not give your investors the right to demand registration based on the mere lapse of time. In most rounds I do, I get investors to agree that demand registration only arises after an
12.
by siegel 3y ago
Or they would get their money back, in the alternative. Depends on what's better for the SAFE holder.
13.
by siegel 3y ago
Part of this depends on what your plan is with the company. If you intend to seek VC funding, vesting is going to be renegotiated. Will your co-founder even agree to that? I am concerned because vesting immediately is way outside of the nor
14.
by siegel 3y ago
Yes, it is easy to take advantage of...And easy to blow. So, something to be careful about. But hugely valuable. Is your company a C corp?
15.
by siegel 3y ago
Yes, you can apply to VC alone. Some investors want to see a founding team. Some don't care. But other than the desire to a have a co-founder in theory or to secure investment, why on earth would you continue with this co-founder? If t
16.
by siegel 3y ago
This is not 100% accurate from a trademark perspective, at least with respect to "famous" marks. Generally speaking, you are correct - unless there is a likelihood of consumer confusion, you are free to use a trademark already use
17.
by siegel 3y ago
I think "privacy" here is the wrong word. Carta owes some obligations to companies that sign up or their services (though they are vague and ambiguous). But I hope people wake up to what they are agreeing to when they sign up as a
18.
by siegel 3y ago
That's nice that they are leaving the secondary trading business. Of course, they can restart that business again. But this all begs two questions: 1) Do their legal agreements protect customers sufficiently in terms of use of customer
19.
by siegel 3y ago
We have a lot of clients who happily use Pulley. I believe they are a YC company themselves. I don't have a dog in this fight. But there are plusses and minuses to these various solutions. Carta is not the be all and end all.
20.
by siegel 3y ago
That's not universally true. For most marks, you are right. But for certain particularly "famous" marks, the owner has a potential cause of action for dilution of the owner's mark. Unlike trademark infringement, which re
21.
by siegel 3y ago
I'm assuming they mean from the owners of the Nerf brand of foam toys (I think owned by Hasbro nowadays). They could attempt to argue that NerfStudio dilutes the Nerf mark. Not necessarily a frivolous argument and they don't need
22.
by siegel 3y ago
If the consumer sues in small claims court, then the company would need to petition the court to compel arbitration. Large companies (like Apple) sometimes expend what would seem like irrational amounts of money on lawyers to make a stateme
23.
What's the Deal with Non-Disparagement Provisions?
2 points by siegel 3y ago|0 comments
24.
by siegel 4y ago
As an attorney who deals with responding to (and, well, also drafting) letters like this, I think LinkedIn may very well go away if you remove any reference to LinkedIn from your website and otherwise refrain from stating or implying that y
25.
by siegel 4y ago
To some extent, it isn't that different from how you raised funds for your prior startups (assuming you did). And, in fact, you might very well want to start with the investors you worked with in the past. You don't need a VC fu
26.
by siegel 4y ago
Your assumption that they don't have a trademark may not be correct. In the US (and a number of other countries), you can get common law trademark rights by using a mark even if you don't register it. It sounds like they are usi
27.
by siegel 4y ago
Where is your domain registrar? Are they in the US? (And are you in the US?) These folks are obviously scammers and you need to have a lawyer reach out to them.
28.
by siegel 6y ago
I have very mixed feelings about this. While the proposal is new and commentary, thus far, is limited, I mostly see discussions of how this impacts the big players (Facebook, Google, Amazon, etc...) and the small startups that would otherw
29.
Startups should take advantage of the free $10k advance under the CARES Act
5 points by siegel 6y ago|0 comments
30.
by siegel 6y ago
Why emergency powers are being proposed to be used for anything other than increasing supply of necessary hospital supplies, increasing hospital capacity, increasing testing capacity, and saving the economy, is a mystery and a scandal of hi

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