2015 04-16 c918 presentationpdf

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Ross Faith and Zac Lindsey share their thoughts on what value lawyers can (and often do not) provide to startup companies. Presented at Cultivate 918, May 2015.

Law

LAWYERS & STARTUPS
WITH ROSS FAITH & ZAC LINDSEY

Who are these guys?
Ross Faith, SpectrumFX
• Co-founder, SpectrumFX
• Lawyer
• Debate Czar
Zac Lindsey, LINDSEYﬁrm
• Startups get me jazzed
• Formation, litigation and
outside general counsel
• http://lindseyﬁrm.net
• #FOREFOUNDERS

In addition to skill, lawyers
provide:
• Legal Feasibility of Business Objectives
• Experience with Other Companies
• Lawyerly Objectivity
• Someone to Blame Who Has Something to
Lose

Lawyers generally do not
provide:
• Business Consulting
• Accounting Advice
• C-suite Services (with a caveat…of course)
• Much for free (common myth)

Are you exchanging value?
• Trading Product or Services for Cash
• Giving Equity for Advice, Intros or Expertise
• Trading Technology for Equity
• Taking Investment

Attorney-Client DTR
• Identifying Attorneys
• Interviewing Attorneys
• Fee Structures
• Trading Equity for Services

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2015 04-16 c918 presentationpdf

1. LAWYERS & STARTUPS WITH ROSS FAITH & ZAC LINDSEY

2. Who are these guys? Ross Faith, SpectrumFX • Co-founder, SpectrumFX • Lawyer • Debate Czar Zac Lindsey, LINDSEYﬁrm • Startups get me jazzed • Formation, litigation and outside general counsel • http://lindseyﬁrm.net • #FOREFOUNDERS

3. WHAT VALUE DOES A LAWYER PROVIDE?

4. In addition to skill, lawyers provide: • Legal Feasibility of Business Objectives • Experience with Other Companies • Lawyerly Objectivity • Someone to Blame Who Has Something to Lose

5. Lawyers generally do not provide: • Business Consulting • Accounting Advice • C-suite Services (with a caveat…of course) • Much for free (common myth)

6. WHEN SHOULD YOU ENGAGE AN ATTORNEY?

7. Are you exchanging value? • Trading Product or Services for Cash • Giving Equity for Advice, Intros or Expertise • Trading Technology for Equity • Taking Investment

8. HOW DO YOU ENGAGE A LAWYER?

9. Attorney-Client DTR • Identifying Attorneys • Interviewing Attorneys • Fee Structures • Trading Equity for Services

10. QUESTIONS?

2015 04-16 c918 presentationpdf

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2015 04-16 c918 presentationpdf