The Kauffman Foundation is looking for the next great entrepreneur and is using a Super Bowl ad to find you. If you don’t live in one of the target markets, you might not see it live during the Big Game. Here’s your chance. Watch the video, and then get building!
The day that we have talked about for more than two years is finally here. ICANN – the non-profit corporation in charge of assigning domain names – is throwing open the doors and allowing a slew of new domain name naming conventions. The Internet is about to get huge (er).
Up until now, web sites were limited to such generic top-level domains (gTLDs) such as “.com”, “.net”, and “.org”. The group added more in the past few years including “.xxx”, “.biz”, and others, but now they are allowing customized gTLDs. It could be a brand (.mcdonalds), an organization (.youthhockey), or just about anything else. Approved applicants will maintain that gTLD and use it to host all of their company information, control who has access to the name, and even be able to sell space in the gTLD.
But before you jump to register “.thing”, the registration process alone will cost you at least $185,000 plus the investment in maintaining your little slice of the web. However, if you are a business or a group with the resources, it could be an invaluable new way to maintain your presence on the Internet.
There has been quite a bit of chatter over the last couple years about a tech bubble — increasing hype which drives increasing valuations and increasing funding rounds beyond what the companies are actually worth. This article is a natural reaction to that. In it, the author questions whether funding announcements are actually a mark [...]
The war against lawyers has begun. Well, more specifically, its a fight against over-priced legal services. According to the Wall Street Journal: More than 20% of the 366 in-house legal departments that responded are refusing to pay for the work of first- or second-year attorneys, in at least some matters. Many corporate counsels are arguing [...]
Here are two questions that I get often. Should the founders of a startup company divvy up all of the stock? If not, how do I calculate ownership percentage? In order to answer these, we have to review the difference between authorized shares and outstanding shares. At formation, a company must state the number of [...]
Even as Washington gridlock becomes the norm, ideas continue to circulate about kickstarting the sputtering U.S. economy. Everyone seems to agree that startups and other small businesses will lead a renewed hiring boom and increase demand, but not everyone is in agreement about how to get there. There are some ideas, however, that continue to [...]
Startups often struggle because of how they are set up. Too often founders will treat a new company like a budding relationship: you get all excited about your idea, you seem to agree on everything, and then you move in together. Relationships built on that kind of whirlwind courtship often end up in failure, and [...]
What is the first thing a new startup company should purchase? Right, a hat rack. Wait, what? You need one because each founder is going to be wearing several hats – organizationally speaking – and it is important to keep the various roles separate. Here is why. I was recently working with a client who [...]
I have talked before about what makes up a term sheet (also known as a letter of intent) but now we should talk about why it is important. Any time a business is being sold, the parties – but the buyer in particular – has to incur certain costs in anticipation of the deal, including [...]
With all of the uncertainty in the markets recently, now is a great time to take another look at one way to create jobs with tax free investment. But you only have a few more months to take advantage of it. Remember the Small Business Jobs Act of 2010? How about the Tax Relief, Unemployment Insurance Reauthorization, [...]
Daniel J. Ryan has been honored by Massachusetts SuperLawyers as a "Rising Star".
You have spoken and, with your support, The Business Law Blog has been selected as a Lexis Nexis Top 25 Blog in the Business Law Community! I am both excited and humbled, and I want to thank my readers for helping me get there.
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