It appears Legal Zoom isn’t the only business inserting itself into the position where an entrepreneur would usually turn to a lawyer. In this article on Entrepreneur.com, they highlight a variety of apps that help entrepreneurs get started. One of these apps is called Hopscratch, which provides several services, including help with legal paperwork.
Link: http://www.entrepreneur.com/article/272084
Brad Feld is an MIT grad entrepreneur, early stage investor, and co-founder of the Foundry Group, Mobius Venture Capital, Intensity Ventures, and Techstars.
In his brief article, he discusses standardizing seed documents and term sheets, along with an explanation of how entrepreneurs, lawyers, and vc’s think about the idea. Also, why it won’t work.
Here is another article showcasing a teenage who is smarter than me. The product introduced by this entrepreneur is pretty cool. Forbes did a nice job.
Interestingly, a quote from Mark Cuban in this article caught my attention and reflected a “traditional lawyer’s” perspective on entrepreneurs (a topic Nora and I presented on a few weeks ago), which condones mitigating risk early in the business-planning cycle. This opposes how entrepreneurs generally like to approach starting a company. Here is the quote:
The most important piece of advice Stern received from Cuban is “to walk before you run.” Stern elaborated, “You want to be prepared, but you also want to eliminate the most amount of risk before starting and going into something, and that’s the best way of approaching a company. It’s just to take things slowly until you get an order. Be excited, but don’t overexcite yourself until everything goes through.”
Enjoy!
The article reports on a current battle to decrease the price of a particular prostate cancer drug. The argument of those advocating for a lower price focuses on the fact that the same drug is sold at a fraction of the price in other high-income countries.
With the markets acting sporadically, many don’t feel comfortable with the current state of the economy. This article offers an interesting suggestion for some entrepreneurs to eliminate part of that risk, and find a more reliable stream of income. The author notes that getting federal government contracts is actually easier than getting state or local government contracts. I would have thought it would be the opposite, but the reasoning is that state and local government contracts are generally given to special interest groups and more susceptible to politics; whereas federal government contracts are more objective – at least the smaller federal contracts.