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Finding “stinky clauses” in legal investment documents

Berkonomics

Changing the deal that late in the game is nearly impossible, after other investors have already completed their documents and the deal is supposedly put to bed. What if it is the company attorney or entrepreneur that finds the stinky clause so very late in the game? Can you change a deal if not the lead investor?

Invest 156
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Entrepreneurs: Employment law is not on your side!

Berkonomics

Email readers, continue here…] Notice that every poster that is required to be displayed in a company public area (usually the lunch room) is posted for the benefit of the employee to inform him or her of rights granted by law. Hold regular reviews for all your employees right to the top.

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The “Hold Your Nose” theory of legal documentation

Berkonomics

Changing the deal that late in the game is nearly impossible, after other investors have already completed their documents and the deal supposedly put to bed. What if it is the company attorney or entrepreneur that finds the stinky clause so very late in the game? Email readers, continue here.]

Email 166
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What about your previous company non-compete?

Berkonomics

Entrepreneurs tend to remain in the business niche they know best. Some of these entrepreneurs starting a new company are alumni from companies that would be a competitor to the enterprise being created or joined. Further, there is no expiration date on these poisoned documents. Are you one of those? The obvious admonition.

Company 120
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What about your previous company non-compete?

Berkonomics

Entrepreneurs tend to remain in the business niche they know best. Some of these entrepreneurs starting a new company are alumni from companies that would be a competitor to the enterprise being created or joined. Further, there is no expiration date on these poisoned documents. Are you one of those? The obvious admonition.

Company 120
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Why your investors may not respond when you need money

Berkonomics

Investment documents usually call for quarterly reporting by the company to the investors. Usually, one or more of the investors is placed on the board as a requirement of the investment documentation. The entrepreneur often expects that person to keep fellow investors informed. How these investors try to solve the problem.

Invest 156
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Have you lost (some) enthusiasm for the job?

Berkonomics

It is human nature for you and every entrepreneur to fall into a routine of taking care of day to day issues, meetings, communicating with customers and shareholders. Email readers, continue here…] So, how do you regain that enthusiasm for what is best for you and for the company? Much of your job has become routine.

Email 194