How to start a startup series
Lecture 18 – Legal and Accounting Basics for Startups (Kirsty Nathoo, Carolynn Levy)
There’s a lot that goes behind the scenes in running a startup. Getting the legal, finance (equity allocation, vesting), accounting, and other overhead right will save you a lot of pain in the long run. Kirsty Nathoo, CFO at Y Combinator, and Carolynn Levy, General Counsel at Y Combinator, cover these very important topics in this lecture.
….You also probably know that a startup will have assets, IP, inventions, other things, and that the company needs to protect those. So we’ll talk a bit more about that and about raising money, hiring employees, and entering into contracts.
There are a few other things that you need to talk about when setting up your company which ferret out a few issues amongst founders. Who’s going to be in charge? How much equity is everybody going to own?