STA1: Formal and Informal Founders Agreements (ATP The Start)

42:36
 
Share
 
Manage episode 200572849 series 2125897
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

Podcast highlights:

  • 09:57 Informal Founder's Agreements. For businesses that start informally, does it make sense to write something down on paper like a memorandum before incorporating the business? Does this have any legal implications?
  • 29:38 All about share holder agreements. Having a share holder agreement in place, understanding the obligations, downloading shareholder templates online as well as looking for templates that are in the same jurisdiction
  • 33:06 Founder equity shares and investing agreements. What are the common mistakes that founders make when it comes to equity agreements?

Podcast notes:

  • 00:05 STA1 - ATP The Start with Dennis Poh and Graham Brown
  • 01:05 What does Dennis do on a day to day basis? A little bit about his education and professional background
  • 04:43 Regarding firms that offer legal taxation advice, where are their blindspots when dealing with startups? How does Aegis Partners compensate for these issues?
  • 08:25 Starting a business informally and only incorporating the business when it is serious with money on the table
  • 09:57 Informal Founder's Agreements. For businesses that start informally, does it make sense to write something down on paper like a memorandum before incorporating the business? Does this have any legal implications?
  • 14:10 Dennis's current role as a CFO of a menswear brand, why he got involved in it and the other cofounders in the team
  • 17:39 Starting a business with friends and family. Is it a big mistake? Things to consider when doing so, like being extra careful on the legal and formation side.
  • 22:10 Having the 'scars' qualifies Dennis to advice people on legal tax issues
  • 26:15 What are the common issues faced by start up founders when they come to Dennis?
  • 29:38 All about share holder agreements. Having a share holder agreement in place, understanding the obligations, downloading shareholder templates online as well as looking for templates that are in the same jurisdiction
  • 33:06 Founder equity shares and investing agreements. What are the common mistakes that founders make when it comes to equity agreements?
  • 34:44 Specific clauses present in general templates should be negotiated, not just for the founders but between founders and investors as well
  • 37:01 Questions asked by startups; how do I get started? Am I in the best jurisdiction for my business?
  • 39:08 The dangers of getting into this space with the wrong advice; don't blindly jump into something without knowing what you are getting into
  • 40:54 It's easy to start a company but it is not easy to close one
  • 41:20 If you have any questions about startups, Tweet us @AsiaTechPod #TheStart #AskDennis. Email Graham on the newsletter or send a message on LinkedIn

2 episodes available. A new episode about every 0 hours averaging 53 mins duration .