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This is part of my ongoing series “ Start-up Lessons. &# If you want to subscribe to my RSS feed please click here or to get my blog by email click here. To the best of my knowledge US law allows you to work on your own resources and in your own hours and let you personally own your IP. Make sure you own your IP.
I wrote this conundrum and the need to take charge of how the market define your skills in my much-read blog post on “ personal branding.” ” My friend Ian Sigelow wrote about this last week and advised people not to take on this kind of job. There is often money to be made in finding places with under-valued IP.
I was reading Danielle Morrill’s blog post today on whether one’s “ Startup Burn Rate is Normal. In these kinds of businesses I’m on the record as advising “ Ring the Freakin Cash Register.” So money spent should add equity value or create IP that eventually will. Profitability. Valuation.
Your lawyer is a trusted advisor, but in the end, you run your business, your lawyer does not. In other words, find a lawyer who will take the time to understand the issues underlying your business and advise you how to best accomplish your objectives while minimizing your legal exposure.
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