If you read our blog from time to time, you’ll know that Brad and I dislike the U.S. patent system with a particular distate for software patents. Two weeks ago, the Supreme Court issued a couple of rulings that seemed to be nudging the system in the right direction. Today, Brad sent me an article regarding […]
You’ve been offered a job at a startup. The folding tables look romantic, the smell from the Chinese restaurant next door isn’t too annoying (yet), and there is a plunger in the one bathroom. The founders tell you that cash is tight but they are having lots of meetings with VCs and a financing is […]
Question: What preferences do venture capitalists have for different possible states of incorporation? (Jason) Most venture capitalists have 3 preferred states: Delaware, whatever state the company is in and whatever state(s) the VCs are located in. I’ll spare you the longwinded legal answer (I actually had a class in law school that was all about […]
Clearly, the Supreme Court read my patent rant. Okay, maybe not, but I’d like to claim that they did. As many of you know, I have a real issue with the entire patent litigation system. As many of you also know, Brad and I are huge proponents of invalidating software patents, in general. We feel […]
Chris concludes our series on board packages. Chris, take it away… Now that I’ve given you an outline to what I think makes a good board package, I’m going to exercise my VC prerogative 🙂 and immediately caveat that advice. In my mind, the trick to effective board packages is less about the outline of the […]
If you read our term sheet series, you know that we spent a fair amount of time discussing liquidation preferrences. Jesse Fried and Brian Broughman, a professor and graduate student at Berkeley, respectively, recently published a paper about the emergence of common stock carveouts and some of the reasons why they belive venture capitals are […]
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