The powers of shareholders, the board of directors, officers, the CEO and how decisions are made in startups and other companies.
Learn about contract law and how to write your own contracts using cases involving Elvis Presley and real-world examples.
Why it’s not easy to collect patent license fees and what it takes to be successful in patent licensing.In this podcast, we explore why patents are often asserted through dedicated patent assertion entities, why an army of patent litigators, prosecution attorneys, inter-parte review attorneys, patent brokers and technical experts are required.
Momentum is critical for success in business, especially in the fast moving tech sector. Recognizing this and figuring out how to generate positive momentum can make the difference between your venture winding up in a painful shutdown or reaching a profitable IPO.
How angel investors work, how they syndicate investments and how they structure their investments as convertible notes or preferred stock rounds of financing. David Smith presents materials from the Silicon Valley Business School Raising Finance for Startups course and explains how he managed to raise more than $20m from angel investors in one of his previous startups.
This episodes explains how startups are valued and presents the argument as to why venture capital investments in startup ventures should not be used as the basis to place a valuation on the company.
This episode explains how venture capital investors get preferred stock, and founders get common stock. Preferential toppings provided to investors include liquidation preferences, veto rights, board rights, anti-dilution rights, co-sale and drag-along rights. David Smith talks to Mark Cameron White, founder of the White Summers law firm, about the terms Mark’s seeing in Silicon Valley and elsewhere today.
If you don’t know where you’re going, what chance do you have of getting there? This is the first in a series of episodes on the startup journey and today we’re talking about targeting your destination. Future episodes will deal with other aspects of your journey like generating momentum, gathering your provisions, setting and achieving milestones and selecting your travelling companions.
In this series on the startup journey, you’ll learn that you’re most likely to reach your destination if you know exactly where you’re going, you have sufficient fuel to get there, you plan for contingencies, maintain momentum and assemble a winning team.
This episode looks at some of the alternative destinations you might want to select for your startup. We’re going to talk about independent survival, where you build a business independent of outside investment, with the goal of generating profitable revenues, for years to come.
We’ll talk about IPO, where you build a company that has its shares traded on the public markets. “IPO” stands for “initial public offering”.
Then we’ll divide a sale of the company into two types. Cash flow sale is where you sell the company as a profitable going concern. The buyer is getting a cash-flow generating business.
The term “asset sale” has a more specific meaning in legal jargon, but for the purpose of our startup journey, we’ll use this to refer to a situation where a buyer acquires your company for your product or technology. In Silicon Valley, there are situations where unprofitable companies are acquired when they have a hot product, or some unique technology or asset that will enhance the buyer’s business.
In this episode you get to learn the basics of how venture capital investment funds operate, how they select startups for investment and what types of companies are suitable for venture capital investment.
This is an important episode as it provides a foundation for future discussions we will have on this podcast series.
David Smith explains how this podcast series is designed to help entrepreneurs build more successful startups and help more innovators profit from their ideas and inventions. David explains how he has formed more than a dozen startups, authored several books, graduated from law school as well as business school, raised finance from Bill Gates, venture funds and angel investors in China & Japan.
Unfortunately, the vast majority of startups fail. Many fail due to lack of knowledge and experience by the entrepreneurs. The podcast series is designed to help entrepreneurs understand what they need to know to be successful.
This episode discusses how this podcast series is supported with dozens of courses, thousands of videos and reading materials, and how Silicon Valley Business School provides online guidance and education to everyone, everywhere.
Offering suggestions as to how entrepreneurs can be more successful, the topics range from patents to venture capital preferred stock investment terms.