10 legal mistakes made by startups

Setting up your startup involves a lot of work and effort. Many things need attention, including developing a proof of concept, finding product/market fit, and hiring the first set of employees. With these many things to be handled, slips are bound to happen.

One of the most common areas where most startups make a wrong choice is establishing a solid legal foundation. For startups, particularly in the sectors like e-commerce, payments, food or health care, it becomes all the more important to focus on the legal aspect. You don’t want to make the same mistakes as someone else, rather learn from it, isn’t it? Continue reading “10 legal mistakes made by startups”

What Investors look for in a Startup?

Early funding option for startups can usually be limited. Though there are ways like bootstrapping, crowdfunding or receiving help from family members and friends, startups need angel investors or VCs to scale up fast. Investors want to become the primary backers of the next game-changing venture. There are many things that investors look for in a prospective investee. The merits of an idea, market need and size, vision for execution of these ideas, are just some of these. These aspects should definitely be in your pitch deck! Continue reading “What Investors look for in a Startup?”

Hacking the term sheet

Amidst the big rush for Funding, Funding, and more Funding, most founders get carried away by the “hulla” in the market rather than trying to understand the real implications. One such example is at the time of initial negotiation with the Investors.

The Term Sheet is the first document that sets the terms of the deal and breaks the ice of negotiation between the promoters and the investors. However, most of the founders do not understand the meaning of the primary clauses in the Term Sheet, which might put them in a disadvantageous position. Continue reading “Hacking the term sheet”

Startup India Action Plan 2016

The day of 16th January, 2016 can be marked as one of the prominent days for budding Indian Entrepreneurs, with the Prime Minister, Shri Narendra Modi, announcing the “Startup India Action Plan”, intended to boost and support the startup ecosystem in India. First announced on the occasion of India’s 69th Independence Day, the Startup India initiative has taken a full-fledged shape after the Government released the key initiatives to create a strong ecosystem for fostering innovation and startups in India. Continue reading “Startup India Action Plan 2016”