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ConTraps Part III – Contract Traps Entrepreneurs Should Avoid At All Costs

InfoChachkie

This series describes how entrepreneurs can craft company-changing agreements with BDCs, while avoiding Kiss of Death contract provisions. In Part II of this series, I suggest that entrepreneurs seek agreements in which “what is good for the goose is good for the gander.” Get The Cheese With Your Neck Intact.

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What Makes an Entrepreneur? Cojones (7/11)

Both Sides of the Table

This is part of my series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. Entrepreneurs are inherently risk takers.

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What Did I Learn From the First VC Check I Ever Wrote?

Both Sides of the Table

The advantage is that in many of our best deals we now have $50+ million invested so we can really support entrepreneurs as their businesses scale. At Upfront when we know we have a winning hand we prefer to put more capital to work, which both helps the entrepreneurs succeed and drives more aggregate financial returns for our LPs.

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The Best Entrepreneurs Are Hyper Competitive & Hate Losing

Both Sides of the Table

This is part of my series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. Entrepreneurs play to win and they take losing seriously.

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

InfoChachkie

Intellectual Property (IP) is an ugly thing at a startup. However, to a Big Dumb Company (BDC), a startup’s IP is a thing of beauty. How can IP be worthless to a startup yet very worthwhile to a BDC? Because IP has intrinsic value, but only in the right hands. Yet, it does nothing to help you execute your business model.

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How to Work with Lawyers at a Startup

Both Sides of the Table

I recently read a post over on VentureHacks titled, “ Top Ten Reasons Entrepreneurs Hate Lawyers &# written by Scott Walker (who blogs on legal issues for entrepreneurs ). Shame about not getting it in legal writing that you owned the original IP. Oh, they didn’t cover that in your Stanford CS course?

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Bad Notes on Venture Capital

Both Sides of the Table

At an accelerator … Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago. Your A round?