Here’s a short link to one of my other blogs, Watch Rick Train. I’m raising money all year for Reed Academy, starting with the Tough Mudder in Pennsylvania tomorrow and finishing with Ironman Florida in November. My goal is $140,000. This is the start. Thanks for your support; I’ll post updates at the WRT blog.
Read More“Joint venture” is a sloppy term used to describe a number of different business operations. The important thing to remember is that it is too vague to be meaningful legally. A project that is called a joint venture might legitimately be structured like any of these: a brand new entity with shared ownership a subsidiary…
Read MoreHere’s a common set of angel-investor questions regarding a standard seed round term sheet for a tech company: Why are the shares divided into preferred and common? Why does the preferred stock have a limited “1x” return? What will happen with liquidation preferences in future rounds? What will happen with dividends? Does the preferred stock…
Read MoreI recently came across a LinkedIn question asking about entity selection for a social enterprise. The generic question for a generic business is what people often conceive of as an “easy question” with a simple answer. Here’s my answer: Laura, the question you ask is only properly answered in light of more important questions. I’ve…
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