Beware “experts” who get it wrong

By Rick Colosimo / March 30, 2020 /

Sometimes people talk when they shouldn’t. I’d long been in the advice business: I got paid primarily for giving advice, the right advice, and advice that was right. I didn’t get paid for guessing, for making things up, and I certainly didn’t get paid to give the wrong answer. Not all “experts,” credentialed, licensed, or…

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Benefits Corps: what is the benefit of the corporation?

By Rick Colosimo / March 9, 2020 /

Benefit corporations have become more common since I started this post, on the heels of this WSJ article describing them. I have long found these legislative exercises to be a substantial waste of time and effort. Public fiscal discipline is non-existent, and yet legislators have time to fool around with this sort of mickey-mouse smoke…

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Is FAST the new Lehman?

By Rick Colosimo / March 3, 2020 /

I really like the rationale for the FAST agreement. Startup founders without experience bringing on advisors often need help bracketing equity grants for those advisors, and often those negotiations take place before outside general counsel is retained and there is already a stake in the ground. The FAST approach uses a simple 3×3 grid to…

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AI Review Isn't Enough

By Rick Colosimo / March 13, 2018 /

I just read Ken Adam’s post on AI review of legal documents. In the case of services that offer contract templates, if I don’t know who prepared a template, I’m not going to trust it. Even if I do know, I’ll be skeptical unless given good reason not to be. I had this exact comment…

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