Viewing profile — siegel

This is a tough question to answer based on these facts. But my first question is this: you "incorporated the company in late January." Ok, but what did you and she actually sign? …

Over the past few years, mass arbitrations have become an imperfect way for consumers to get relief where there is an arbitration provision with a class action waiver. Unfortunatel…

You need someone to look at your consulting agreement. This is largely about IP ownership. Happy to take a quick look if that's helpful.

What type of co-founder agreement is this? I'm at a bit of loss as to what he, as CEO, is really contributing here. But that aside, it's completely unclear what the terms are. If y…

Have you practiced with anyone you trust and respect? Self-assessment in interviewing skills is really difficult. You need feedback about how you are actually coming off. Oh, and t…

I wouldn't say the complications themselves are intentional. But take a look at a typical Series A. There are 5 core documents. Dozens and dozens of pages of legalese. I'm a lawyer…

What type of startup are you running? Is this a SaaS product? As someone who does a lot of startup contracting (focusing on SaaS, but not exclusively at all), this is a bit surpris…

Well, that's of limited value if there are two founders, no other shareholders, and equal ownership. It's just deadlock, unfortunately.

I work with quite a few company with dual class voting common shares. I will never understand the notion of not implementing that at incorporation if you want it. Will you have the…

1x IS a liquidation preference. I very, very rarely see in excess of a 1x liquidation preference, regardless of the round.

On the last point, that is why it is CRITICAL that you do not give your investors the right to demand registration based on the mere lapse of time. In most rounds I do, I get inves…

Or they would get their money back, in the alternative. Depends on what's better for the SAFE holder.

Part of this depends on what your plan is with the company. If you intend to seek VC funding, vesting is going to be renegotiated. Will your co-founder even agree to that? I am con…

Yes, it is easy to take advantage of...And easy to blow. So, something to be careful about. But hugely valuable. Is your company a C corp?

Yes, you can apply to VC alone. Some investors want to see a founding team. Some don't care. But other than the desire to a have a co-founder in theory or to secure investment, why…

This is not 100% accurate from a trademark perspective, at least with respect to "famous" marks. Generally speaking, you are correct - unless there is a likelihood of consumer conf…

I think "privacy" here is the wrong word. Carta owes some obligations to companies that sign up or their services (though they are vague and ambiguous). But I hope people wake up t…

That's nice that they are leaving the secondary trading business. Of course, they can restart that business again. But this all begs two questions: 1) Do their legal agreements pro…

We have a lot of clients who happily use Pulley. I believe they are a YC company themselves. I don't have a dog in this fight. But there are plusses and minuses to these various so…

That's not universally true. For most marks, you are right. But for certain particularly "famous" marks, the owner has a potential cause of action for dilution of the owner's mark.…

I'm assuming they mean from the owners of the Nerf brand of foam toys (I think owned by Hasbro nowadays). They could attempt to argue that NerfStudio dilutes the Nerf mark. Not nec…

If the consumer sues in small claims court, then the company would need to petition the court to compel arbitration. Large companies (like Apple) sometimes expend what would seem l…

As a startup attorney, I see a huge number of employee agreements with non-disparagement provisions. I’m curious about people’s experience with these provisions, particularly in Ca…

As an attorney who deals with responding to (and, well, also drafting) letters like this, I think LinkedIn may very well go away if you remove any reference to LinkedIn from your w…

To some extent, it isn't that different from how you raised funds for your prior startups (assuming you did). And, in fact, you might very well want to start with the investors you…