xavier & associates - startup club legal talk (23 apr2015) (slideshare)

Download Xavier & Associates - Startup Club legal talk (23 Apr2015) (slideshare)

Post on 16-Aug-2015

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  1. 1. Startup Club Xavier & Associates LLC Legal Workshop for Amazing Startups
  2. 2. XAVIER & ASSOCIATES LLC IP, Tech, Commercial and Corporate Law Big firm background, boutique firm service Over 36 years of collective experience Silos vs Collaboration Legal Strategy vs Legal Documents 100% Fixed Fees; Startup-friendly.
  3. 3. TOPICS COVERED Startup Legal Life Cycle Legal Aspects of Founders Dilemmas Tech Development Legal Aspects Seed Fund-Raising Legal Aspects
  4. 4. STARTUP LEGAL LIFE CYCLE
  5. 5. STARTUP LEGAL LIFE CYCLE
  6. 6. Four Stages: o Incorporation o Seed o Maturity o Realisation (Exit) Legal Advice vs Legal Documents (The myth of the Standard Agreement) Prevention vs Cure; startups legal risks The Lawyers Role; Safety Instructions STARTUP LEGAL LIFE CYCLE
  7. 7. LEGAL ASPECTS OF FOUNDERS DILEMMAS
  8. 8. THE FOUNDERS DILEMMA 65% of startups fail because of people problems - Noam Wasserman, The Founders Dilemmas
  9. 9. 65% of startups fail because of people problems The co-founders dilemma o Equity Split o Vesting The founders-founders dilemma o Bootstrap vs Fund-raising o Control vs Wealth By 3rd found of funding, 52% of founder-CEOs have been replaced; of those, 75% were fired THE FOUNDERS DILEMMA
  10. 10. TECH DEVELOPMENT - LEGAL ISSUES
  11. 11. TECH DEVELOPMENT - LEGAL ISSUES
  12. 12. Internal vs External development IP ownership and protection Confidentiality Data Distribution (platforms and users) TECH DEVELOPMENT LEGAL ISSUES
  13. 13. SEED STAGE FUND RAISING
  14. 14. SEED STAGE FUND RAISING
  15. 15. Sources of seed-stage funding o Bootstrapping o Crowdfunding (debt, equity, reward, donations) o Grants o Angels and FFF o Accelerators & Incubators & Seed (+) funds Term Sheets and investment documents Equity vs Convertible Debt vs KISSes & SAFEs Fund-raising Process SEED STAGE FUND RAISING
  16. 16. CONTACT US Xavier & Associates LLC 11 Collyer Quay, The Arcade, #17-00 Singapore 049317 Tel: 6521 4550 Email: bernard.chung@xavierlegal.com www.xavierlegal.com
  17. 17. Thanks to THATS ALL, FOLKS! Questions?