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Lessons Learned In The Trenches Of Two Big NYC Law Firms
by Scott Edward Walker on December 9th, 2009Introduction
My blog post last week addressed angel financing and included five legal tips for entrepreneurs to help them through the angel financing process. I had intended to post a part 2 (adding five more tips), but I thought I would try something different to break things up a little. Accordingly, below is a brief video of three lessons that I learned in the big-firm trenches as a young corporate associate in New York City.
Oddly enough, I actually look back with fondness on those eight years (including all the all-nighters and weekends working on deals) because of the solid training that I received – which I can finally appreciate practicing law out here in California. Here are the three lessons: (1) do your due diligence; (2) watch-out using forms from other deals or off the web; and (3) create a competitive environment. This is part one of an ongoing series. (Note: videos are tricky and can put some people off; thus, I have also included below the substance of the video in written format.)
Founder Vesting: Five Tips For Entrepreneurs
by Scott Edward Walker on September 10th, 2009There have been several relatively recent blog posts with respect to the issue of founder vesting, including (i) two posts by Chris Dixon, a smart angel investor and co-founder of Hunch, here and here; and (ii) a post by Mark Suster, a successful entrepreneur turned VC (and another smart guy), here. There are also a number of solid older posts addressing this issue, including (i) Venture Hack’s post here and (ii) Brad Feld’s post here. The purpose of this post is three-fold: (i) to weigh-in from the legal side; (ii) to try to pull the foregoing posts together in an organized manner; and (iii) thereby to provide five practical tips to entrepreneurs in connection with founder vesting. (more…)