Category: Governance & Capitalization

messy cap table

Common Causes of a Messy Cap Table

The puzzled look on a first-time founder’s face after hearing an investor’s concern of a “messy cap table” happens more than some probably think.  But what the heck does “messy”…

Read More
startup board members

Early Stage Board Composition

Upon a startup’s incorporation, their attorney usually helps establish a board of directors (aka – the “board”), even if a solo founder is the only board member.  The company’s bylaws…

Read More
startup cap table

Your First Cap Table

After deciding your new business venture seems worth pursuing, you will have quite a few decisions to make regarding incorporating your new entity.  You might decide to read online articles…

Read More
startup mistakes

Accumulated By-the-Book Debt Will Eventually Come Due

In the earliest days of a startup, the founders are hugely optimistic and driven.  But they also know about the low odds of reaching the point of having paying customers…

Read More
first board meeting

Your First Board Meeting

When you first incorporated as a C-corporation, probably only you and your co-founder were named as board members. You never really had official meetings or voted on anything, that you…

Read More
stock pricing

Pricing Your Stock in the Early Days

I get the following question all the time from US-based startups: how should we price our individual units of equity? (shares of stock for C-corps; units for LLC’s)  It’s a…

Read More