. He de-coded a lot of what he has learned both as a corporate M&A lawyer for tech startups and through building a SaaS business which is now worth the better part of two billion.
He also learned a lot about structuring companies and where most founders go wrong. There are countless exciting things to work on at the beginning of a venture, but ignoring the startups’ equity structure is a common pitfall he saw and knew to avoid. It’s your lawyer's job to walk you through the best and worst case scenario and be sure you are protected. Let them help you. They’ve seen it again and again.Reggie went on to found the Indian CEO Tech Council while a lawyer to bolster his networking opportunities. When it launched, members were required to have at least $10 million in revenue and 75 employees, or have raised $10 million in venture capital. Back in 1996 and 1997 that was a lot of money.
Ideas are like buses. You've just got to get yourself on the bus and close the door as quickly as you can. Especially, because you have guys like Reggie. They're going to quit their job, work 100 hours a week, and put everything they own into the business. You're not going to be able to compete against someone like these other entrepreneurs that just go all in. You have to go all in.
Source: News Formal (newsformal.com)
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