Should co-founders always impose vesting?
Yes, co-founders should always impose vesting on their equity. Life happens—one founder may leave early, whether due to a change in circumstances, a disagreement, or simply a loss of interest. If there’s no vesting, that...
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Where should I incorporate my foreign-owned U.S. subsidiary?
Foreign companies that want to establish a subsidiary in the U.S. should consider incorporating in the state where the subsidiary’s primary operations will be concentrated. This approach can help avoid additional filings and costs that...
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Convertible Notes: Benefits to Founders (@Harvard – Angel Investing Bootcamp)
In this presentation, Greg Pilarowski, Founding Partner of Pillar Legal, breaks down the critical terms behind convertible notes – a vital but often misunderstood early-stage financing tool. Since there is no standard form, reviewing complex...
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SAFE: Benefits and Hidden Risks to Founders (@Harvard – Angel Investing Bootcamp)
Greg Pilarowski, Founding Partner of Pillar Legal, provides a practical deep dive into the Y Combinator Simple Agreement for Future Equity (SAFE) – a widely adopted instrument for early-stage startup financing. This presentation originally delivered...
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LEGAL PRIMER: REGULATION OF CHINA’S DIGITAL GAME INDUSTRY
This is the sixth edition of our legal primer on the regulation of China’s digital game industry. This edition, like its predecessors, provides an overview of the relevant laws and regulations, as well as actual...
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Where should I incorporate my U.S. tech startup?
Delaware. Why? Because everyone else does, and when approaching investors, it’s best to look like everyone else, at least with respect to incorporation jurisdiction. Your pitch deck can look different, of course. Nevertheless, some have...
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Should I hire a lawyer to incorporate my company, or use an online service?
Incorporation is a well-established, mostly clerical process that can be completed without the assistance of an attorney. Many online services form companies at lower cost and sometimes even faster than an attorney. The incorporation process,...
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Startup Financing Legal Document Options
You have formed your company, perhaps you personally provided some funds to pay initial set-up costs, now it is time to raise external financing. What legal documents should you use? Three Ways to Fund a...
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How Will the New Bulk Data Transfer Rule Impact China’s Game Companies?
U.S. Tech Law Update On December 27, 2024, the Department of Justice (“DOJ”) issued a final rule implementing the Executive Order 14117 aimed at preventing access to Americans’ bulk sensitive personal data and U.S. government-related...
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