Profiles

Australian VC funds open source their legal documents to help startups save on legal fees when raising capital

- May 19, 2015 2 MIN READ

Australian venture capital firms, angel groups, incubators, accelerators and other industry stakeholders have pledged to open source the legal documents used in their seed fundraising processes. Industry-wide standardised fundraising documents can now be downloaded via AVCAL’s website and used during early-stage equity investment rounds.

Insights

Access to justice is a startup issue too

- July 17, 2014 2 MIN READ

Justice is buzzword around community groups at the moment, but it extends beyond them as operators. One of the major issues being talked about at the moment is that startups and entrepreneurs don’t have equal access to justice.

Profiles

Finding the needle in the haystack: Startup simplifies legal eDiscovery

- February 24, 2014 5 MIN READ

Searching through millions of corporate documents – online and offline – just to find the few hundred that are relevant to a particular legal issue, is as painful as you’d imagine – like trying to find a needle in the haystack. Knowing the frustration all too well, lawyer, engineer and entrepreneur, Lachlan James, decided to come up with a better solution.

News & Analysis

GoldieBlox v. Beastie Boys: The issue is legal not ideological

- November 29, 2013 4 MIN READ

Recently, US-based toy-making startup GoldieBlox created a video advertisement for their impressive line of engineering toys for girls. The advertisement, however, has caused a bit of a ruckus because the background song they used in the advertisement is the Beastie Boys’ ‘Girls’ – but with lyrics changed. And now we have a legal issue of copyright infringement spiraling out of control.

Insights

Is an acqui-hire a good idea for me?

- October 3, 2013 5 MIN READ

An acqui-hire is the acquisition of a business or company not for their products, business or customers, but instead primarily to capture a particular person or a team of talent.

Insights

Raising Capital: The Legal Basics

- August 28, 2013 3 MIN READ

Most start-ups will never raise an institutional investment round. This isn’t necessarily a bad thing. If you can reach profitability and maintain great growth rates without raising capital, do it! Why dilute yourself unnecessarily?

Insights

Is your ‘Send to Friend’ campaign illegal?

- May 21, 2013 2 MIN READ

It’s one of the most common viral marketing techniques around – letting your readers, members etc send your content or services (or whatever) to a ‘friend’. They simply drop their friend’s email into a form, hit send and another lead comes your way. But could you be breaking the law?

Insights

Oh no, Have I done something wrong?!?

- March 14, 2013 2 MIN READ

I don’t want to be fatalistic or a scaremonger, BUT you know that you are doing at least something wrong in your business, don’t you? Sure, you are the “ideas person”, the driver of your enterprise and proud of the fact that out of nothing, you have made something pretty special. You are even providing others with opportunities to make money along-side or as a consequence of what you are doing, and have an employee or three hovering in the wings, starting as a “casual” or a “contractor” for now, being paid in sweat equity or when the next big invoice comes in, or on a “trial” basis until you decide that they are worthy of a paid position.

Insights

Sweat Equity & Startups

- March 8, 2013 3 MIN READ

Yes, I know. You are a start-up. You have limited resources and a difficult cash flow forecast – but could really use some help. We spoke about interns a while back, now we are going to look a bit deeper into other ways you might think about to supplement the limited funds you have to hand to get the right person helping you out.