Comments on: Cut your legal fees using Y Combinator’s funding documents http://venturebeat.com/2008/08/13/cut-your-legal-fees-with-y-combinators-legal-documents/ News About Tech, Money and Innovation Tue, 24 Nov 2009 05:47:06 +0000 http://wordpress.org/?v=2.8.5 hourly 1 By: edhardy622 http://venturebeat.com/2008/08/13/cut-your-legal-fees-with-y-combinators-legal-documents/comment-page-1/#comment-895640 edhardy622 Wed, 14 Oct 2009 12:46:14 +0000 http://venturebeat.com/?p=96486#comment-895640 My girlfriend bought me a pair of Chestnut color UGG boots short for Christmas.<br><a href="http://www.uggboots365.co.uk" rel="nofollow">http://www.uggboots365.co.uk</a> My girlfriend bought me a pair of Chestnut color UGG boots short for Christmas.
http://www.uggboots365.co.uk

]]> By: Luis Villa’s Blog / what you can (and can’t) learn from Google’s EULA mistake http://venturebeat.com/2008/08/13/cut-your-legal-fees-with-y-combinators-legal-documents/comment-page-1/#comment-828938 Luis Villa’s Blog / what you can (and can’t) learn from Google’s EULA mistake Fri, 19 Sep 2008 03:08:25 +0000 http://venturebeat.com/?p=96486#comment-828938 [...] in particular are notorious for copying and pasting, to the point that some venture capital groups provide their own legal documents, since they figure your lawyers are going to be copy and pasting [...] [...] in particular are notorious for copying and pasting, to the point that some venture capital groups provide their own legal documents, since they figure your lawyers are going to be copy and pasting [...]

]]> By: frenzy3 http://venturebeat.com/2008/08/13/cut-your-legal-fees-with-y-combinators-legal-documents/comment-page-1/#comment-862613 frenzy3 Tue, 19 Aug 2008 07:41:32 +0000 http://venturebeat.com/?p=96486#comment-862613 looks like the lawyers where not happy:<br><br>"Series AA Equity Financing Documents<br><br>Sorry, there's a glitch with the documents and we had to take them down. We hope to have something back soon. " looks like the lawyers where not happy:

“Series AA Equity Financing Documents

Sorry, there's a glitch with the documents and we had to take them down. We hope to have something back soon. “

]]> By: dalecook http://venturebeat.com/2008/08/13/cut-your-legal-fees-with-y-combinators-legal-documents/comment-page-1/#comment-862612 dalecook Thu, 14 Aug 2008 21:15:30 +0000 http://venturebeat.com/?p=96486#comment-862612 Lawyer money is the cheapest money you'll ever spend in this situation.<br><br>As an entrepreneur (not a lawyer) it's funny to see how other entrepreneurs treat legal expenses. For some reason most are under the impression that lawyers either draw these documents up each time they are needed, or that they take out a standard form and use find/replace on the company name.<br>Neither of these assumptions are even close to correct and your lawyer is your best friend during these times. During your funding stage you'll want to be in constant contact with them and they should be helping you at every step of the negotiations. The money you'll spend on a lawyer during your funding will be money well spent as mistakes at this stage will be extremely costly later. <br><br>Remember, that regardless of whether you have a lawyer or not, the investors will certainly be using their own, and you'll still have to pay for that. And trust me, if your investors have a competent lawyer and you don't, you're going to wind up on the short end of that equation. <br><br>If you're looking to spend less seek out a good solo or small firm who specialize in this kind of work rather than going to one of the bigger firms, who will charge and arm and leg and just put some first year associate on it. Lawyer money is the cheapest money you'll ever spend in this situation.

As an entrepreneur (not a lawyer) it's funny to see how other entrepreneurs treat legal expenses. For some reason most are under the impression that lawyers either draw these documents up each time they are needed, or that they take out a standard form and use find/replace on the company name.
Neither of these assumptions are even close to correct and your lawyer is your best friend during these times. During your funding stage you'll want to be in constant contact with them and they should be helping you at every step of the negotiations. The money you'll spend on a lawyer during your funding will be money well spent as mistakes at this stage will be extremely costly later.

Remember, that regardless of whether you have a lawyer or not, the investors will certainly be using their own, and you'll still have to pay for that. And trust me, if your investors have a competent lawyer and you don't, you're going to wind up on the short end of that equation.

If you're looking to spend less seek out a good solo or small firm who specialize in this kind of work rather than going to one of the bigger firms, who will charge and arm and leg and just put some first year associate on it.

]]> By: Michael http://venturebeat.com/2008/08/13/cut-your-legal-fees-with-y-combinators-legal-documents/comment-page-1/#comment-862611 Michael Thu, 14 Aug 2008 17:56:51 +0000 http://venturebeat.com/?p=96486#comment-862611 Still have to have legal guidance when drafting these forms. VC Experts, while subscription based, offers entrepreneurs all of these forms, plus expert guidance from the leading minds in the Private Equity & Venture Capital industries. <br><br><a href="http://vcexperts.com/vce/university/startupkit/" rel="nofollow">http://vcexperts.com/vce/university/startupkit/</a> Still have to have legal guidance when drafting these forms. VC Experts, while subscription based, offers entrepreneurs all of these forms, plus expert guidance from the leading minds in the Private Equity & Venture Capital industries.

http://vcexperts.com/vce/university/startupkit/

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