Re:Hiring a Startup Lawyer
by teachingaway on Tuesday September 16, 2014 @03:23PM
(#8326535)
What are the other good posts I should add to the collection? Who else writes about hiring startup lawyers?
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Re:Hiring a Startup Lawyer
by hkmurakami on Tuesday September 16, 2014 @03:34PM
(#8326611)
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
by teachingaway on Tuesday September 16, 2014 @03:41PM
(#8326660)
Picking a Startup Lawyer in NYC - http://mattmireles.com/picking-a-startup-lawyer-in-nyc/