Things I wish I knew before starting a business

March 6, 2015

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

  • http://www.startuplawblog.com/choice-of-entity/

• The components of (and importance of) a founders agreement

  • http://strtp.com/

  • http://foundrs.com/

  • 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

  • Startup CEO

• How to interview users

  • http://www.howtostartastartup.co/lecture-16-run-user-interview-emmett-shear/

• How to manage employees and give critical feedback

  • https://hbr.org/2011/08/three-questions-for-effective-feedback

Tech

• Build a tech company without a tech founder is moronic in most cases

• How to build a wireframe

  • http://www.mockflow.com/

• Basic understanding of development languages

  • http://youtu.be/BYk2GaEz7UA

• How to work with a Development agency

• Costs of developing apps and websites

  • http://www.kinvey.com/app-cost-estimator

Money

• Your first investors will most likely be your family and friends.

  • http://siliconhillslawyer.com/2014/10/01/taking-non-accredited-money-startups/

• VC Terms

  • Venture Deals

  • Information rights,

  • pro-rata rights

  • ratchet