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Legal Concepts for Founders — Handbook on fundraising, hiring and more, by Clerky
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This looks like essential reading. The Clerky founders are geniuses in this space and the editorial board that they've put together here is comprised of the top attorneys in silicon valley.
Although Delaware centric, the concepts and principles apply elsewhere. Excellent resource. Thanks.
Thanks for the post @geoffreyweg! Very exciting to see the handbook on PH!
If anyone has any questions about startup law, please feel free to ask. AMA :)
@llabball I've been one for the past 8 years :)
We made this because we see a lot of mistakes and confusion out there, which leads to higher legal expenses.. It's all easily avoidable with the right knowledge.
There are blog posts by many startup attorneys, that do a good job of talking about these topics. But learning by blog post tends to lead to a piece-meal understanding, which can result in misunderstandings and misconceptions. We felt it was important to provide something that would give founders a solid foundation from which to build on, like a good introductory college textbook might. In addition, blog posts can get out of date as laws and market standards change, and are not typically maintained. We wanted to provide a resource that could be relied upon to always be current.
Separately, amongst good startup lawyers, it is well-known that there is a lot of content out there that is either wrong, inapplicable, or misleading. Often, this is because the content is written by someone who is not a good startup attorney (often not even an attorney at all). There is also a lot of content out there that is written more for traditional small businesses, rather than startups that intend to raise money. This advice is usually inapplicable for such startups, but it is nearly impossible to know this unless you happen to be a startup attorney. We wanted to write something that was peer-reviewed by other good startup attorneys, that could address and hopefully correct any misunderstandings caused by other content.
Finally, there are often small differences in the ways good startup attorneys / firms do things - this can lead to confusion for founders just because it's not clear two terms refer to the same thing. This is another reason why we put together the editorial board - we wanted attorneys from a wide range of firms so that we could be sure we cover all the different ways people talk about things. We try to mention all the different things people might read elsewhere, and explain how they relate to each other (or don't).
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