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Jason Calacanis, Meet the Current State of the Legal Profession
I don’t generally write about the business of lawyering, but a few things came together recently that I want to make note of to readers. First, those who don’t follow legal news should be aware that...
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Promise and Pitfalls of Convertible Debt
Attorney Scott Edward Walker has a post up today on VentureBeat about angel financings. His tips on due diligence and personal liability are superb and well recommended. He also advises entrepreneurs...
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How to Allocate Shares in a Startup When One Founder is Also an Investor
I frequently talk to entrepreneurs starting a company where one founder is putting up seed capital while the others are putting in sweat equity alone. The founders want to divide the company ownership...
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6 Important Terms in Your Website Terms of Use
Website Terms of Use are challenging for many entrepreneurs. Many new companies have limited cash resources so deciding to pay a lawyer for a set of TOU can be a hard decision, especially with so many...
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IP Law for Startups Blog on Bratz vs. Barbie IP Dispute
I recently started reading Jill Hubbard Bowman’s excellent IP Law for Startups blog. I don’t practice IP law, but a lot of the work I do touches on intellectual property issues so I find her posts...
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Making SaaS out of a Services Agreement
Many software companies build products that live on the web and don’t install on local computers at all. Enterprise-focused companies call this SaaS; everyone else just calls them web-based or hosted...
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Reading Agreements Critically with a Contract Playbook
Followers of this blog may be aware that I avoid reading contracts front-to-back as much as possible. I find that breaking a contract into chunks lets me read more quickly, more effectively and more...
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Key Considerations in Negotiating Earnouts when Selling a Company
Last week the WSJ ran an article saying that Google is moving away from earnouts when it acquires companies. Earnouts are a tricky thing whether you are a buyer or seller in an M&A deal. The...
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LLCs and Corporations in New Entity Formation
Limited liability companies (LLCs) have been around for 20 years now. Until somewhat recently the conventional wisdom was that LLCs are useful for businesses whose ownership won’t change frequently (a...
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Dodd Banking Bill Aims Shotgun at Investor Fraud, Hits Early Stage Companies
There has been a lot of news recently about Senator Christopher Dodd’s banking reform bill, which was introduced in the Senate a couple of weeks ago. I dug into the details relevant to startup and...
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Jay Parkhill Bio
What I Do I am an attorney to early stage and growing businesses. I help brand new startups form companies, allocate equity among founders, raise money and create starter templates for customer...
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