Tag startups

Crowdfunding pitfalls exist, but crowdfunding is a good way for startups to raise money for their product/service. Widget makers and apparel designers/manufacturers (including our client, Apricoat®), in particular, have made extensive use of crowdfunding to get projects off the ground. In 2012, then-President Obama signed the Jumpstart Our Business Startups Act (“JOBS Act”) which allows crowdfunding for equity (with some limitations).

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Many entrepreneurs and startup founders have great ideas; however, first-time founders often lack knowledge about finances, investment, and lack a strong network. Ambitious founders who want to succeed with their new startup, sometimes feel overwhelmed when confronted with new and unfamiliar vocabulary such as “incubators and accelerators.”

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With a few exceptions, lawyers have traditionally charged by the hour for legal services. As we spend time with entrepreneurs and startup founders, we have found that traditional fee arrangements don’t necessarily meet their needs. Think about the various subscriptions you use in your day-to-day life such as Amazon Prime, Netflix, Spotify. Then, think about a similar model for lawyers; legal subscription services.

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As an entrepreneur, you put blood, sweat, and tears into your startup, not to mention your savings and investments of others. Strong branding is one of the things which will help your startup succeed in the first few years. As you put together your branding strategy, you have likely created a symbol or design for your logo and/or some type of slogan, catchphrase, or word to set yourself apart from your competition.

It’s crucial for you to trademark your creative marketing tools to prevent others from using them. Keep reading to learn exactly which items you could/should trademark, how to go about the application process, and why you should have a trademark attorney during the process. 

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Phantom Equity (“PE”) is a contractual agreement for a type of deferred compensation between a company and key employees, advisors, and/or contractors. Startups can offer PE to valuable employees, so they have skin-in-the-game, and thus, feel an urgency to help the startup become as successful as possible in the shortest amount of time.

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One of the questions entrepreneurs and startup founders ask us the most is, “Why do so many startups incorporate in Delaware?” As co-founders or business partner(s) sit around a table and discuss the best ways to bring their startup to life, one of the topics that usually pops up (or should pop up) is entity formation. The typical entity of choice is a Delaware C-corp.

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