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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Caring doesn't scale

By Rick Colosimo / October 4, 2017 /

Here’s a pair of instructive quotes, ostensibly about code: Clean code always looks like it was written by someone who cares.” – Robert C. Martin, Clean Code: A Handbook of Agile Software Craftsmanship This is what I see when I look at contracts. And processes. And business models. Caring doesn’t scale. #StartupRules It was the…

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Three ways to buy or sell a company

By Rick Colosimo / September 16, 2017 /

There are three basic transaction structures involved in virtually all buying/selling of companies. There are a few random ways, but this is a post, not a treatise. Each of these transactions can have very different tax effects based on the entity and tax type of the constituent parties. Taxes, plus some standard business considerations, greatly…

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