Things I wish I knew before starting a business
Here I’ve compiled a bunch of things I wish I knew before starting a business.
Legal
Difference between LLC, S, C, and B entity structures and why Delaware C is most attractive to Venture
The components of (and importance of) a founders agreement
economics
who owns what percentage
how does selling ownership work
control
who makes decisions in major domains
who can fire whom
what happens if someone leaves the company
People
How to hire, manage and fire
How to interview users
http://www.howtostartastartup.co/lecture-16-run-user-interview-emmett-shear/
How to manage employees and give critical feedback
Tech
Build a tech company without a tech founder is moronic in most cases
How to build a wireframe
Basic understanding of development languages
How to work with a Development agency
Costs of developing apps and websites
Money
Your first investors will most likely be your family and friends.
VC Terms
Information rights,
pro-rata rights
ratchet