Resources for Founders from the Top Boutique Startup Law Firm in Texas
Founders should understand all the options available in the market for legal services to early-stage startups. … Continue readingAutomated Law v. Solos v. Boutique Firms v. BigLaw for Austin Startups
When exploring options for forming a startup, it’s very important to understand the distinction between “startup” and “small business.” Small business refers to a plumbing company, a pizza shop, cafe, or similar kind of business. Any kind of business that
Continue readingOptions for (legally) forming an Austin Startup
All of the major SAFE templates available online have been designed for use with professional investors, typically in seed rounds. A friends and family round is quite different from a seed round in that, because the business is so early,
Continue readingA Better SAFE template for Friends and Family Rounds
Related reading: Checklist for choosing a Startup Lawyer Relationships and Power in Startup Ecosystems There are a number of key variables that should go into your assessment of which law firm to engage as company counsel for your startup, including
Background reading: SAFEs v. Convertible Notes “Fixing” Convertible Note and SAFE Economics in Seed Rounds Most seed rounds under about $1.5 million in Austin (and Texas generally) are done as “convertible instruments” – convertible notes or SAFEs. Above that mark
Continue readingWhy many Austin Startups use Convertible Notes instead of SAFEs for Seed Rounds
Background reading: Grandstanding about Non-Competes While most startups are subject to Delaware law for their corporate law, in the U.S. labor law is typically governed by the law of the state where an employee is located. This means even if
Continue readingCalifornia doesn’t allow Non-Competes. Texas does.
America has 50 states, and therefore 50 state laws. Without getting into the political pros and cons of this, there is one very big con that is relevant here: no serious company wants to have to learn 50 sets of