Over the years I’ve had many occasions to figure out the price of an offering of preferred stock for a typical venture funded startup. This is different from, and definitely not to be confused with, the valuation of the company on a pre-money basis. That’s a topic for a later post. In its most simple…
Read MoreI have seen a number of articles recently talking about splitting the CEO and chairman roles. Here’s one about JPMorgan. Everyone still seems so up in arms about this issue. I would have thought someone would have done a little digging. Here’s my take: All directors have equal power and equal responsibilities. There is no…
Read MoreThis Lifehacker post attempts to answer the question of how someone should handle befuddling legal documents, like terms of service, leases, car rental contracts, and so on. The easy answer is in the article: of course you should read everything. The problem is that that’s not what lawyers actually say and do because it’s advice…
Read MoreIt happens every week. A client sends a short email describing a contract they want, or even a term to be added to an employment agreement for a new hire. This post on issue spotting by Ken Adams shows you what a good lawyer thinks when she hears: Oh, and Jane should work out…
Read More