Viewing profile — pdshrader

Just want to say thank you for this! I used similar settings from Lampasas, TX (about 90 miles from Austin) and the photos came out great! Hope your part of Austin cleared up in ti…

What a lovely story and well-explained!

This "third way" is only really possible if you're strategically aligned with the "one round" investors you have. It's easy to point to a few companies that have gotten buy-in from…

Startup lawyer here (but not your lawyer). This is good advice (ask a lawyer you trust for a referral in the right legal specialty). More particularly for this question, while the …

Thanks for sharing this - not a conversation anyone wants to have, but there's a surprising lack of "good example" resources for those who have done this well.

For those who are interested in this type of subject matter, I can highly recommend Eric Goldman's blog (the primary source for this article), at https://blog.ericgoldman.org/ Gold…

I was curious about the details of this, so I looked it up. There's a 15% excise tax statewide in CA. It used to be a straight 15% on top of the sale price, but now it's calculated…

(Hijacking top comment for visibility) Why/how is Robinhood now showing how far along I am compared to my friends on the waitlist? I dont believe I ever enabled any social sharing,…

California startup lawyer here, but not your lawyer. This is not legal advice. There's some misinformation here, so I'll clarify: - California won't enforce noncompetes, except for…

Lawyer here, but not your lawyer. We're just talking about generalized nonspecific hypotheticals here. You aren't required to incorporate at all (but in many cases it's the best co…

What do you mean by "allow access to financing"? A fair number of founders maintain their stock ownership through an entity like an LLC. This could be for all sorts of reasons (tax…

And on top of that, when you eventually do realize you want to change the domicile to Delaware, you find out that California corporations don't allow direct conversions into Delawa…

It's muddy for 2017 and prior years, but the new tax bill limits 1031 "like-kind" exchanges to real estate - so beginning Jan 1, 2018, it's a taxable event every time you sell a cr…

I agree that comprehensive catalogues matter more for music, but I think we're missing another area where Netflix and Spotify are similar (and where Spotify may arguably be better …

Private venture-backed companies sell stock in the form of "preferred stock", which comes with certain rights like liquidation preferences (they get their money back first) and pro…

Lawyer here, but not your lawyer. Anti-SLAPP laws are pretty limited, but a peer over in /r/law had a phenomenal idea for addressing this, which I'm copying over here. There's a li…

The Attorney General of NY says it's not: https://twitter.com/AGSchneiderman/status/906195350532304896

If you have access to Intelligize through your firm, their product is excellent at parsing and tracing contract provisions in public filings. Source: Not a representative of Intell…

@spinklock - it's the industry standard. My firm does the same (although now it's done through our file management systems instead of through software installed on our laptops).

Ehh, since VantagePoint (DE Supreme Court affirming Chancery Court, 2005) and Lidow (CA appellate court in dicta, 2012) there hasn't been anything saying that Section 2115 should a…

Yup. Noting also that incorporation costs are generally a fixed ceiling, whereas the conversion costs are a likely minimum. ;)

Agreed. The argument Gust presents here for making a C-corp is pretty darn thin, if not verging on inaccurate. I agree that a C-corp is the right way to go if you're planning on ra…

True, but most people don't actually know the practical effects of having an established body of law. Mostly because it's difficult to compare Delaware with 49 other different sets…

* note also that there's the oft-quoted "60% of Fortune 500 companies are Delaware C-corps," but most people forget about the contrapositive - that 40% of the Fortune 500 are NOT D…

Startup/Venture Capital lawyer here (but not your lawyer). Winding up a corporation can take a little time, but it's generally not terribly complex. It's mostly filing a few forms …