Ask the VC: Must read for startups.
Ask the VC is in my most favored status among blogs.
Here's a sample of why you should be reading it if you're an entrepreneur:
What Are Standard Legal Fee Arrangements For Un-Funded Startups?
Q: My question is "What is a reasonable compensation package for a startup lawyer/firm"? I'm now starting a company in Seattle and have been talking with an attorney in Seattle. After 2-3 meetings, we got around to his compensation proposal and I was a bit shocked. I thought it would be a reasonable equity piece (0.5 - 1.0%) in exchange for deferred/reduced compensation.
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This is the kind of information that's invaluable and usually comes only with experience. I love the web.
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