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Founder Institute

Startup Legal and IPRoss Kimbarovsky

December 2, 2015

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ten lessons

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start early

• leaving your employer

• forming your company• raising capital• protecting assets

• local, state, federal laws• HR

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be proactive, not reactive

(legal vs. business risk)

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find a lawyer whogroks your business

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everything is negotiable

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perform reference checks

(talk to other startups)

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manage costs

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clearly define the scopeof each matter

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fight for things that matter

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require form documentsas deliverables

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don’t be penny wise &pound foolish

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a few words about IP …

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you should be more concernedabout people listening to your ideas

than about people stealing them

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document allagreements in writing

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get employment andcontractor agreements inplace before work starts

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read all contracts carefullybefore you sign

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Ross Kimbarovskyross@startupfoundry.com @rosskimbarovsky

quicklylegal.comstartupfoundry.com

crowdspring.com

questions?