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Startup Legal Services

How to Get Startup Legal Services Without Cash

If you’re a first-timer in the entrepreneurial world, you may be alarmed by the number of expenses your startup will face. It’s a bit of a learning curve, but once you’ll get more experience, it gets easier to prioritize where to earmark your money and where to try and save. Aside from typical expenses like rent, payroll, and purchasing equipment, startup legal services can be pretty pricey as well. As there are always contracts to be signed, agreements to be drawn up, and other times you'll need sound legal advice, it’s worth exploring alternative ways to get legal services without spending money. Online Q&A Forums It may not be the only place to seek legal advice, but it’s still a great starting point if you have basic questions and you're trying to avoid spending any of your startup capital. For example, sites like Avvo or the business section of Lawyers.com, offer a service in which you can ask any legal questions and they’ll be answered for free; sometimes by multiple lawyers with multiple perspectives. Additionally, there are many free articles and tutorials on a wide variety of topics that could be helpful in getting your startup the legal services it needs. Trade Equity for Legal Services An option that might be at your disposal is to offer equity in exchange for services or goods your company needs, including legal services. This could be tricky due to the possibility of a conflict of interest for a law firm representing a company it has a monetary stake in. But if you can manage to get around this problem, there are many law firms who would be willing to trade legal services for shares of equity in your company. One option might be to explicitly state (in a legal document) that you want
2017 trends equityx

Six Reasons Why EquityX Makes Sense Now

TL;DR -  In this article I’ll explain how EquityX, the world’s first marketplace where top-tier startups and quality talents can find each other and work together, with Equity as their Currency, makes sense now. With the times changing, there are six reasons that explain the need for such a marketplace in today’s startup ecosystem: 1.The challenge in finding and compensating the right talent, 2. The shift in the employment concept, 3. The UBER and Airbnb kind of trends in many sectors, 4. The rise of crowdfunding, 5 Special accelerators programs changing the game, and 6. The increasing expectations from investors    We have launched EquityX at the beginning of 2017. It has been an amazing ride so far. I have a great team and get to meet with a lot of interesting and smart people, from the VC community and of course great startups and experts. We now have more than 50 startups working with EquityX and a 1000+ registered experts from all over the world, many of which are already engaged with the startups on our platform, while using Equity as their Currency. We have partnered with many of the great accelerators and Crowdfunding platforms and we are very excited to provide value to their startups. Many people tell me it is a brilliant idea and that they have wondered how no one did something like this yet. I thought about it a bit and this post covers a few points of what has changed in the startup ecosystem over the last few years for EquityX to make sense now. What we do EquityX is a marketplace for quality startups and experts to find each other and work together through equity compensation which is fair, accurate, scalable and simple to use. It works in a very simple way for
Equity Compensation

Equity Compensation: What Is It Good For?

Modern life may not be easy, but in the total scheme of things, there are quite a few opportunities we can take advantage of. We already take for granted the speed at which we’re able to receive information, instant results, and even instant money. However, the rate at which we’re accustomed to receiving information can often eclipse the fact that instant gratification isn’t always the best thing for us. When it comes to negotiating job contracts, our mad dash for cash can make it easy to focus only on immediate payment. However, there is another, sometimes overlooked option that can be equally beneficial to employers and employees and that is: equity compensation.   Pros of equity compensation for employers Particularly for the founders of a start-up, it is common to need services rendered that you just don’t have the funds to pay for. Whether that means hiring freelancers or just paying your full-time, 9-to-5 staff, you might come up short on cash until your company has garnered enough investments or accumulated enough revenue to generate ample cash flow. Offering your employees equity compensation is a great way to solve that problem, because you’re putting off paying them until you have the means necessary to do so, yet at the same time you’re providing an incentive to work for you. However, this solution is not just advantageous for companies that are lacking the cash to pay their service providers. It is also beneficial for companies that have the budget but want to increase employee motivation and create a lasting connection between themselves and their workers.   How much equity to offer While you obviously don’t want to give away all the equity, including options and ISO, in your company, it’s important to make it worth the while for the people who
How to hire a programmer

5 Out-Of-The Box Methods For Hiring a Programmer

You don’t need to be a programmer to know how to hire a programmer, but it certainly helps to do your research before you serve up a formal offer. Programming jobs are competitive for a reason – only the best can make the cut. And in order to find the very best, you may need to go beyond the basic job boards and cattle calls to see which candidates can demonstrate their worth from the start. The secret to hiring a programmer How can you know what to look for if tech-speak sounds like a foreign tongue to you? What questions should you ask? What skills will the programmer need in their arsenal to do the job successfully? And how can you know the person you hire is truly capable of all they claim on their resume? While help wanted ads may have been your go-to approach in the past, you can get better, more targeted results when you go the nontraditional route. Here are five alternative methods that will help you hire a programmer you can trust: Host or attend a programming competition or Hackathon Hosting a programming competition and multi-day hackathon, or attending one means you’re nearly guaranteed to find potential candidates who fit your bill. If you choose to host your own competition, you can charge an entry fee in the form of a current resume. By the end of the competition, you will not only have a stack of leads, but also a good idea as to what each candidate is capable of in the programming world. Offer prizes and refreshments to up the attendance, or make first prize a paid internship or job offer. Offer equity in the company As a startup, your finances might not allow you to compete with corporate salaries, month-long company
Services For Startups Without Cash

How To Get Services For Startups Without Cash

It is both a blessing and a curse to live in a generation in which we are encouraged to follow our dreams. While we’ve seen company after company become the next big thing (just look at Instagram and Snapchat), bringing our own ideas to successful fruition can be a lot harder than it looks. This mainly has to do with the fact that in order to get a startup off the ground, you need funding that is not that easy to come by. Thankfully, there are many ways to secure services for startups that don’t require you to dig into your already tight budget. With a bit of creativity and resourcefulness, startups have the ability to become quite self-sufficient after exploring some of these available tactics.   Join a Startup Incubator There are numerous benefits to joining a startup incubator (also known as a startup accelerator), spanning from access to mentors to free office space. While many startup accelerators take equity in exchange for joining their hub, others like EvoNexus simply want to encourage the startup ecosystem in their communities. Aside from the potential funding the accelerator can offer, there are other services for startups, like a beginning customer base and a collaborative environment that fosters creativity, which make this a worthwhile option to consider.     Trade equity for services for startups A great way to share what you have in order to gain what you need is by trading equity for services. Equity serves as an IOU card that you can use to barter with other vendors or employees who will help further your startup along. Trading equity is advantageous in that it allows you to “buy” services you might not have the cash to pay for, and it keeps the recipients dedicated to your success, because they
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