Today I came across this excellent blog post by Slava Akhmechet, founder of RethinkDB, that lists 57 startup lessons he’s learned over the years. If you’re an entrepreneur, or if you’re considering starting your own business, you should read his post. Here’s a few lessons learned, just to…
The Securities and Exchange Commission (“SEC”) yesterday adopted new rules lifting the ban on general solicitation and/or advertising for funds for certain private offerings of securities. The SEC took this action in order to implement the federal JOBS Act, which was passed by Congress in April 2012. The…
In today’s New York Times, there was an interesting article entitled, “Affordable Care Act Could be Good for Entrepreneurship.” In the article, the author cited a new study from the Robert Wood Johnson Foundation, the Urban Institute, and Georgetown University’s Health Policy Institute that showed how the Affordable…
In today’s New York Times business section, there is an article that discusses “favorite startup tools” of entrepreneurs. It discusses tools that assist entrepreneurs with (1) testing an idea, (2) getting user feedback, (3) idea iteration, (4) email marketing, (5) analytics, (6) project management, and (7) stakeholder communication….
As you know from previous posts in this blog, the choice of entity is a big question for most startups. Whether to form an C Corp, S Corp, LLC, partnership, or something else is one of the earliest — and most important — decisions an entrepreneur confronts. There…
One of the most common questions I get asked by entrepreneurs is, “How should we structure our new venture?” Although it sounds like a simple question, there is no one-size-fits-all simple answer. The three most common business structures — partnership, LLC, and corporation — all come with…
Inc. magazine recently ran a series of articles discussing some of the major issues involved in the sale of a business. The series gave a basic overview and also provided some practical strategies and checklists that can be used throughout the sale and closing process. You might find this…
Ever since the passage of the federal JOBS Act earlier this year, entrepreneurs and startups everywhere are talking about “crowdfunding.” But what is crowdfunding, and why is everyone so excited about it now? Basically, crowdfunding describes the collective effort of individual investors who pool their resources, usually via…
Many entrepreneurs (and their lawyers) are eagerly awaiting the new rule from the Securities and Exchange Commission (SEC) that will allow companies to engage in general solicitations, provided that securities are sold only to “accredited investors.” Originally, the SEC was directed to implement these rules by July 4,…