"To be clear, the term requiring startups to pay for investor counsel fees is unjust. This is because startups are forced to pay the legal fees of the counsel negotiating against them. "
I wonder if YC would start pushing investors to stop this practice
When I was fundraising for Tindie, we had to cover our investors legal fees. For first time founders this norm can be a shock. I know it was for me. Having been a few years since I've had to fundraise, time to kick this can.Why in the world do startups have to cover the legal costs of their new investors?Please tell me there is a good reason for this ... bc all I can think is that it is to pad...
- Reviewing companies & selecting the right opportunity
- Salaries, pay raises, and how packages are structured
- Startups vs big companies
- Stock options vs RSUs - how they work, exercising them, the tax implications.
- Bonuses - what to expect and also the tax implications
- Investing in your retirement (401ks, IRAs, etc)
- Real estate - renting in these high costs of living areas vs buying
- Tech investing - becoming an angel investor & VC investing
- Contract work - how to bill & taxes
There are lots of little projects taking off right now to address various aspects of the virus. I am sure some of us are already working on projects that could use an additional set of hands. If you have a project, please list it, what help you need, and hopefully, we can do a bit of matchmaking between projects & skill sets.