CategoryHiring

Avoiding Option Grant Mistakes, Part I: the Company Edition

We advise clients and founders through company life cycle on the ways to use equity compensation to reduce cash burn and create incentives for employees, consultants and advisors to work towards long-term success. Option grants aren’t that hard, but I see many of the same mistakes again and again. Part I below is a look at mistakes that companies make in the option process, and some...

Checklist for Hiring a Startup Lawyer

While there’s a lot of great content available on the ins and outs of working with lawyers, fast-moving pragmatists may just want a quick checklist for doing their diligence. Here is such a checklist: 1. Are they really a “Startup Lawyer”? (Specialized) If you have a heart condition, you call a cardiologist. Brain condition: neurologist. And if you’re an early-stage technology company, you hire a...

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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