Hiring a Startup Lawyer

#1

Post by teachingaway » Tue, Sep 16, 2014, 6:07 PM UTC

Hiring a Startup Lawyer
adlervermillion.com

Re: Hiring a Startup Lawyer

#2

Post by crb002 » Tue, Sep 16, 2014, 7:17 PM UTC

I've seen http://www.ofenbakhlaw.com have a lot of happy clients. A good business attorney does more than just help you draft the contracts that your company will run on. They are active in helping you get your business out there.

Find an attorney that started their own law practice. They built their business from the ground up and have personally dealt with many of the problems you will face.

Re: Hiring a Startup Lawyer

#3

Post by teachingaway » Tue, Sep 16, 2014, 7:23 PM UTC

What are the other good posts I should add to the collection? Who else writes about hiring startup lawyers?

Re: Hiring a Startup Lawyer

#4

Post by hkmurakami » Tue, Sep 16, 2014, 7:34 PM UTC

teachingaway wrote: post #3

What are the other good posts I should add to the collection? Who else writes about hiring startup lawyers?

There's a post by Sam Altman which argues that founders should negotiate for a 30-40k cap for processing Series A paperwork.

Re: Hiring a Startup Lawyer

#5

Post by teachingaway » Tue, Sep 16, 2014, 7:41 PM UTC

teachingaway wrote: post #3

What are the other good posts I should add to the collection? Who else writes about hiring startup lawyers?

Picking a Startup Lawyer in NYC - http://mattmireles.com/picking-a-startup-lawyer-in-nyc/

Re: Hiring a Startup Lawyer

#6

Post by joshmlewis » Tue, Sep 16, 2014, 7:45 PM UTC

I would like to know what most startups experiences are with filing with the SEC for SAFE notes and what is a reasonable cost for a very early stage round and seed round.

Re: Hiring a Startup Lawyer

#7

Post by briandoll » Tue, Sep 16, 2014, 8:08 PM UTC

If anyone is looking for a lawyer, I'd highly recommend Gabe Levine: http://levinebakerlaw.com/attorneys/gabriel-levine/

He's shares some advice on his blog (http://mylawyergabe.com/) and gave a great presentation with Mike Monteiro called "F*ck you, pay me!": http://vimeo.com/22053820

Re: Hiring a Startup Lawyer

#8

Post by ptype » Tue, Sep 16, 2014, 8:43 PM UTC

Any recommendations for London/UK based startup lawyer? (Incorporation, shareholder agreement etc)

Re: Hiring a Startup Lawyer

#9

Post by nwenzel » Tue, Sep 16, 2014, 9:00 PM UTC

hkmurakami wrote: post #4

teachingaway wrote: post #3

What are the other good posts I should add to the collection? Who else writes about hiring startup lawyers?

There's a post by Sam Altman which argues that founders should negotiate for a 30-40k cap for processing Series A paperwork.

You can use your term sheet to talk to your firm about fees. Your VC will have a number in the term sheet to address their legal fees. Your should be somewhere in the 1.25-1.5x neighborhood of that number. More if your books aren't organized and your records are all over the place.

$30-$40k is probably right in a lot of cases (if you touch HIPAA, Crowdfunding, Bitcoin, issues you'll need to bump those numbers up).

Re: Hiring a Startup Lawyer

#10

Post by reinhardt » Tue, Sep 16, 2014, 9:25 PM UTC

ptype wrote: post #8

Any recommendations for London/UK based startup lawyer? (Incorporation, shareholder agreement etc)

https://www.lexoo.co.uk/