Unless you need to be incorporated to complete trial sales, market fit testing...don't do it. Wait until you can afford the couple thousand dollars it will cost you and or until you get an investor if you will go for one. a C corporation is most likely your best bet. Fairly is all on perspect...
Hi This is a good and common question. The answer depends on numerous factors. Just to name a few: how complicated the project is, how talented the person is, do you want them solely as a service provider (who then leaves at the end of the project) or as a co-founder long term? Additionally, it ...
I would suggest you search for and read out blogs. I can't think of any entrepreneurs who aren't also blogging. I have two blogs: brightideas.co and http://groovedigitalmarketing.com
Angel Investors will understand that you have a need to draw a salary... but the idea of taking their cash and putting it to personal use would be a "no-go". If you were on your Series C of Venture Capital, raising $100M and you wanted to sell $3M of shares to buy yourself a nice house, for inst...
It is hard to give specific advice without specific information. Many of the pointers I see can be applied to non-tech startups. In the end, it is about knowing your customer's needs, partnering with those who complement your strengths and weaknesses, listening and evaluating feedback, getting t...
Go to your Tech Transfer office and talk to them about what other technologies in a similar space have been spun out, who is involved in each company from the university and outside. Find out those faculty, entrepreneurs and investors and talk to them. They will know who is most interested in wo...
A typical rule of thumb would be that an established company sets aside around 15% of the outstanding shares at any point in time for employee options. Those get split up among employees based on their contributions. Depending how key these VPs are relative to other employees you have (remember ...
There shouldn't be any tax consequences for the founders if you've made 83b elections--the election meant you paid tax already on the full value of the stock at the time of the election (presumably zero) even though it was subject to future forfeiture. If you sell newly-issued stock there should ...
A good deck doesn't sell a terrible story, but a bad deck can ruin a great story. Your primary goal should be to distill your story down to 10 slides max, with as *few words as possible* on each slide. Images, product shots and graphs are all more impactful than words. A good outline is as fol...
NO, it's in no ways normal. In reading how you have framed the question, this investor sounds to be acting in bad faith and is also setting you up to fail by introducing terms that are not standard to how quality investors interact with their investee companies. It is however very standard to h...