March 6, 2015
Here I’ve compiled a bunch of things I wish I knew before starting a business.
Legal
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Difference between LLC, S, C, and B entity structures and why Delaware C is most attractive to Venture
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The components of (and importance of) a founders agreement
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economics
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who owns what percentage
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how does selling ownership work
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control
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who makes decisions in major domains
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who can fire whom
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what happens if someone leaves the company
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People
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How to hire, manage and fire
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How to interview users
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http://www.howtostartastartup.co/lecture-16-run-user-interview-emmett-shear/
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How to manage employees and give critical feedback
Tech
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Build a tech company without a tech founder is moronic in most cases
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How to build a wireframe
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Basic understanding of development languages
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How to work with a Development agency
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Costs of developing apps and websites
Money
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Your first investors will most likely be your family and friends.
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VC Terms
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Information rights,
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pro-rata rights
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ratchet