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 whet your appetite: #8 — The standard you… Read More
Posts Categorized In: Startups & Entrepreneurs
SEC Implements JOBS Act and Lifts Ban on General Solicitation and Advertising
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 SEC’s new rules become final in 60… Read More
The Affordable Care Act — Good For Enterpreneurs?
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 Care Act is expected to produce a… Read More
One Entrepreneur’s Favorite Startup Tools
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. Interestingly, many of the tools discussed are… Read More
Granting Equity to Employees in LLCs
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 are pros and cons to each different… Read More
Partnership, Corporation, or LLC — Which is Best?
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 different costs/benefits and risks/rewards. What is the… Read More
Selling a Business — Issues to Consider and Things to Do
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 series interesting if you are thinking about… Read More
Everyone’s Talking About “Crowdfunding”
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 social media and other Internet websites, to support… Read More
JOBS Act Reverses Ban on General Solicitations — But SEC Not Ready to Implement
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, 2012, which was 90 days from Congress’… Read More