In this digital age, software startups are popping up all over the world. Actually, there are approximately 1.35 million worldwide tech startups each year. Not only is the competition fierce, but protecting your ideas and intellectual property are of the upmost importance.
There are a plethora of reasons why entrepreneurs choose to establish a startup with a partner. Whether it’s for financial investment, to achieve similar goals, or to divide and conquer the immense obligations a new business requires, partnerships are a viable option for many. However, like a marriage, the honeymoon period doesn’t last forever.
The Internet and social media have become incredible assets to entrepreneurs; you can reach a broader audience, market your goods and services in new and innovative ways, and this transformative medium has created a market of its own for techies and programmers to design web-based apps, software, widgets, cloud configurations, and a plethora of other online tools.
This past June, the Trademark Trial and Appeal Board (TTAB) of the United States Patent and Trademark Office (USPTO) decided that trademarks that had been issued to the Washington Redskins between 1967 and 1990 should be terminated because they are disparaging to Native Americans. These marks include the logo of the Native American face that we are all familiar with on Redskins helmets.
November 15, 2014 is the first day of open enrollment under the Affordable Care Act for the 2015 year. The Affordable Care Act, also unofficially known as Obamacare, was enacted in 2010 in order to provide more affordable health care insurance to Americans.
You can have the best idea in the world to create a startup, but without the funds to back it up you may feel like you are at a stalemate. It takes cold, hard cash (or plastic or checks or even PayPal) for an entrepreneur to make the dream a reality to pay the rent, payroll, office supply company, and electric bill. Bank loans are the typical option to consider, but angel investors are becoming more prominent (especially with tech startups).
The entrepreneurial spirit is as much a part of the fabric of America as baseball, democracy, and McDonald’s. We dream big, work hard, and invest our finances into something that we truly believe in. While our intentions may be noble and our ideas unparalleled, there are many things to consider before launching a startup business.
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Most startup companies get going with a plethora of cost-saving measures including working out of dismal (read cheap) spaces, employing sweat equity, and promising future equity. Most startups reward early hires for taking the risk and joining an unproven team by offering them company equity – after all working for a startup doesn’t always mean a big reward in the end.
We discussed convertible notes recently, and noted that the reasons they were popular. The primary feature of a convertible promissory note is that the debt investment automatically converts later into company equity at a discounted price per share. Some investors, however, do not like the terms of the typical convertible bridge note feeling that they do not adequately compensate an investor for the risk taken during early-stage startups.