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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. In some countries outside the US (the UK for example) employers can specify in an employment contract that ANY IP you develop while you’re employed by that company is owned by them.
There is a second set of career discussions I have even more frequently than my “angel yourself” advice but this type is almost never discussed publicly in blogs, which tend to emphasize only billion-dollar opportunities, 20-something technical founders and Silicon Valley elitism. the standard 4-6% for a hired-gun CEO).
To help you crush your next investor meeting, we asked top VCs and tech leaders to share their best pitch advice. Try to compile all the different types of questions you could be asked about your business, like technical details, financial assumptions and projections, marketing, IP, etc., Take a look at what they had to say!
This helps you get your deal done in the first place and it helps you get better terms. If it’s a biz deal you might care about IP protection, revenue share, investment commitments to joint marketing – whatever. Push hard to set up the technical reviews, the due diligence meetings, the reference calls – whatever.
Working with startup lawyers also minimizes the risk of losing control of your adVenture, as they can help you avoid common fundraising and investor pitfalls. In addition, such an arrangement will further cement your lawyer’s incentive to help you succeed. This will allow you to defer a portion of your of up-front legal costs.
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