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Your board should protect you!

Berkonomics

They write in their investment documents that they will occupy a seat on the board for as long as they are invested in the company, thinking of this as a protection for their investment and tool for them to influence growth. All other board functions are secondary. Shareholders such as investors are granted few rights by law.

Class 282
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Intellectual Property – Worthless To A Startup, Priceless To A Big Dumb Company

InfoChachkie

This acquisition resolved the surgical robotic IP landscape and allowed Intuitive to dominate the market. There is a common misconception that an idea can be protected by documenting it, placing it in an envelope and then mailing it to yourself. This was the case when Intuitive Surgical purchased Computer Motion. Know Thou Prior Art.

IP 256
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7 Plan Elements That Separate Businesses From Hobbies

Startup Professionals Musings

Since this document is outward facing, it is important to keep the terminology and tone consistent with that of your customer set, investors, and business partners. The best way to do this is to highlight a recent similar company payback to investors, via going public or acquisition exit. The details can be added later.

Startup 65
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The Corrosive Downside of Acquihires

Both Sides of the Table

But the press (and I suspect many of the senior execs of these companies) don’t really explore the corrosive downside of these acquisition. If I don’t commit to millions of dollars of acquisitions I will … die? So I thought I would. But that’s not how you make money in the venture capital business.

Press 357
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Investors, MVPs and Evidence of Traction

SoCal CTO

Yesterday, I was talking to a startup founder about their MVP and they said something that finally got me to write this post: "I have a few investors interested but they want to see a product."

Metrics 264
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A Serial Entrepreneur’s Take On Brad Feld & Jason Mendelson’s Venture Deals

InfoChachkie

Brad and Jason have been exposing venture capitalists’ secrets since 2005, when they began writing a blog series on Term Sheets at AskTheVC. Examples – The book is filled with text excerpted from actual funding documents, rather than the generic templates usually found in academic textbooks. free weekly Infochachkie articles!

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Board members must protect the coporation before themselves.

Berkonomics

They write into their investment documents that they will occupy a seat on the board for as long as they are invested in the company, thinking of this as a protection for their investment and tool for them to influence growth. All other board functions are secondary. Shareholders such as the investors are granted few rights by law.

Class 179