ArchiveMarch 2018

Jumping in and making the most of the (non-top tier) accelerator

Not every startup can get into YC.  And not every startup can get into Techstars.  And not every startup can get into 500 Startups.  The list goes on.  It’s often not a matter of the startup that doesn’t get in not being good enough; it is sheer competitiveness.  Before I became a lawyer focused on emerging technology companies, I served on the undergraduate admissions committee at a top tier...

Not Too Big or Too Small, But Just Right

You may remember the story of Goldilocks and the Three Bears from your childhood. If you need a refresher or if you’re unfamiliar with the story, Goldilocks was a little girl who stumbled upon the house of three bears while they were away. She made herself quite at home, eating their porridge, lounging in their chairs, and resting in their beds. While sampling their porridge, she proclaimed that... Great form, wrong director formulation

Some law firms (big emphasis on some) are adapting documents, technology and processes to drive out waste and reduce costs – just as the startups we represent are doing in their industries.  My colleague Jose Ancer calls it The Economic Deflation of Startup Law.  The startup legal environment has continued to change for the better, and part of that has been built on the continued move to more...

New York Startups: Respect My Authority

There are dozens of good blog posts and articles out there about why most tech startups should be formed as Delaware corporations.  Even if the home office is in Manhattan or Palo Alto or Chicago.  No need to rehash the reasons here.  There is one missing ingredient in much of this advice, though, and it’s how to handle state-specific requirements based on where the company is doing business...

New York Startups: Better Call Saul your payroll provider

Nobody really associates tech startups with frequent on-the-job injuries.  Early stage tech companies are usually shipping code and not shipping big heavy things.  They usually aren’t factories and the most obvious employee injury hazard is… carpal tunnel. But every New York startup and every startup with New York employees needs to hold workers’ comp insurance.  Not knowing – or forgetting –...

The two ways to hand a new hire a PIIA

There is a slew of typical first day paperwork activities for tech startup hires.  Filling out a W-4 and an I-9.  Benefits and direct deposit signups.  And signing a PIIA. PIIA is short for Proprietary Information and Inventions Agreement.  Some companies call them Confidential Information and Invention Assignment Agreements, or CIIAAs.  The name is usually only different because a startup’s law...

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