4 RULES TO STARTUP BY
     Dallas Startup Weekend #2




   STARTUPLAWYER.COM
YOUR CO-FOUNDER HAS A
   RUNWAY. KNOW IT.
   Co-Founder 1

   Co-Founder 2

   Co-Founder 3

         Startup

           ...
A STARTUP LAWYER IS NOT A
LEGAL DOCUMENT GATEKEEPER.

                       • Ifyou do not seek advice from
           Do...
TELL YOUR "FINDER" TO GET LOST
(AND TO GO "FIND" A REAL JOB).
• Thereis a 99% chance the finder should be registered as a
 ...
STRUCTURE STARTUP DEALS
   LIKE STARTUP DEALS.
• The Good News: Dallas has a lot of angel investors thanks to
 real estate...
Q&A
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Startup Weekend Dallas #2 Presentation - Startuplawyer.com

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Short slide presentation from Dallas Startup Weekend #2 (April 16-18, 2010) by startuplawyer.com

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  • Startup Weekend Dallas #2 Presentation - Startuplawyer.com

    1. 1. 4 RULES TO STARTUP BY Dallas Startup Weekend #2 STARTUPLAWYER.COM
    2. 2. YOUR CO-FOUNDER HAS A RUNWAY. KNOW IT. Co-Founder 1 Co-Founder 2 Co-Founder 3 Startup 0 5 10 15 20 Months • Too many founder teams focus solely on the startup's runway. Vest co-founder shares.
    3. 3. A STARTUP LAWYER IS NOT A LEGAL DOCUMENT GATEKEEPER. • Ifyou do not seek advice from Documents your lawyer, you aren't using your lawyer right. • Ifyou aren't getting advice from Advice your lawyer, you have the wrong lawyer.
    4. 4. TELL YOUR "FINDER" TO GET LOST (AND TO GO "FIND" A REAL JOB). • Thereis a 99% chance the finder should be registered as a broker-dealer with FINRA and the State. • Penaltiesfor using an unregistered broker-dealer start at the rescission of all investment. There is no better person to pitch your startup to investors than your co-founder team. Don’t outsource this crucial task.
    5. 5. STRUCTURE STARTUP DEALS LIKE STARTUP DEALS. • The Good News: Dallas has a lot of angel investors thanks to real estate and oil & gas deals. • TheBad News: Dallas has a lot of angel investors who are used to real estate and oil & gas deals. Do your best to maintain control as you would in a typical startup angel financing, no matter what type of FUBAR investment structure is proposed.
    6. 6. Q&A

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