There are a lot of legal, financial, and strategic concepts that early-stage founders of Texas Startups are better-off learning at their own pace and on their own time, instead of paying a lawyer or other advisor to explain them – often very inarticulately and expensively. Founders also shouldn’t have to join someone’s private investment club to have access to information on those concepts.
While other law blogs are run by law firms and only link to their own content, I believe in curation and not re-writing what someone else already posted. Below is a curated compilation of what I consider to be the web’s best advice to startup entrepreneurs, which I frequently draw from in counseling my own clients to save them money and myself time. To the extent there’s material you think should be on here, please feel free to suggest it via the comments, or reach me on twitter.
Most “Essential” Posts
- Transparency, Risk, and Failure
- Choosing a Startup Lawyer
- Ask the Users
- How to avoid “Captive” Company Counsel
- Not Building a Unicorn
- Pre-Series A Startup Boards
- Startup Advisors: Best Practices
- Angel Investors v. “Angel” Investors
- Friends and Family Rounds
- Local v. Out of State VCs
- Negotiation and Inexperience
- “Founder Friendly”
- SAFEs v. Convertible Notes, updated.
- The Best Seed Structure is the one that closes.
- Common Stock v. Preferred Stock
- When You’re Not CEO Material
- The Fiduciary Duties of Founders
Broader Categories of Essentials:
Obligatory Disclaimer: The purpose of this blog is to provide conceptual educational materials to entrepreneurs and startup companies. Individual circumstances vary, and any particular path of action suggested by an article or blog post may be inappropriate for your particular context. That’s why you should hire a lawyer. If, after reading this blog, you decide to take matters into your own hands and mess something up, don’t complain to me about it. It’s a risky world we live in. I warned you.