For those early stage startups out there, here are a few key documents out there that are worth understanding more about....as compiled by david cohen of Techstars in boulder and his legal counsel. Pay close attention to the term sheet and subscription agreement, as those go into detail about ownership percentages, capitalization and valuations, and other rights and covenants that any entrepreneur needs to be aware of. Many folks got burned and dont fully comprehend some of the intricacies and details involved of these and that is why getting legal help is imperative, esp in helping set up the correct company infrastructure beforehand. Startup docs Thx to Brad Feld's blog for making me aware of this, as he is always an informative and well-connected source that has been a success with most everything he touches when it comes to startups.
Comments