Comments on: Entrepreneurs need to learn some law

By: Term Sheet: What Da Heck Is Liquidation Preference (Part 1) | Venture Hype

Term Sheet: What Da Heck Is Liquidation Preference (Part 1) | Venture Hype — Thu, 21 Jan 2010 18:01:56 +0000

[...] of understanding the term yourself or else you wouldn’t be asking your lawyer about it. Like Chris Dixon said, “you can’t outsource the understanding of key financing and other legal documents to [...]

By: Yokum

Yokum — Fri, 25 Sep 2009 08:31:26 +0000

I am partial to www.startupcompanylawyer.com

By: Yokum

Yokum — Fri, 25 Sep 2009 01:31:26 +0000

I am partial to www.startupcompanylawyer.com

By: David Smuts

David Smuts — Sun, 20 Sep 2009 05:55:34 +0000

I'm a bit late finding this one but its 100% spot on Chris. I always tell entrepreneurs you cant outsource: legal knowledge (advice is different), fundraising or production (inc software development) if you want to be a game changer. You need this expertise in-house for sure

By: Entrepreneurs need to learn some law | Igniting Startups - nPost

Entrepreneurs need to learn some law | Igniting Startups - nPost — Wed, 16 Sep 2009 17:07:09 +0000

[...] From cdixon.org [...]

By: charlottekim

charlottekim — Mon, 14 Sep 2009 10:29:17 +0000

Thanks Chris. Been following your blog, learning a lot. The book reference is exactly what I need. The worst thing for me is not knowing what I don't know, which is exactly where I am when it comes to double clicking on term sheets. I'm also in the “I know my legal documents are awful” situation… but I figure I'll cross that bridge when I come to it. (Getting an investor interested first, is the higher order priority.) Thank you again, this is and will be exceptionally helpful, the book is on order.

By: Mark MacLeod

Mark MacLeod — Mon, 14 Sep 2009 10:24:54 +0000

I actually never allow lawyer to lawyer discussions without me being present. I don't expect the VC to be on every call or e-mail but as company CFO, I insist on being there so I can make those judgment calls. Lawyers are not there to make deals, they are there to represent their client's individual interests

By: Mark MacLeod

Mark MacLeod — Mon, 14 Sep 2009 10:23:41 +0000

Totally agree and would say your point applies to all situations where you use outsiders. As an entrepreneur you should delegate but not abdicate your responsibilities. I see this sometimes in my work with startups and make sure my founders understand every aspect of the deals we're working on

By: My Favorites on 09/13/09 | JAL

My Favorites on 09/13/09 | JAL — Mon, 14 Sep 2009 03:23:12 +0000

[...] Entrepreneurs need to learn some law [...]

By: Startups, Law, and Lawyers — giffconstable.com

Startups, Law, and Lawyers — giffconstable.com — Mon, 14 Sep 2009 02:04:16 +0000

[...] Dixon just wrote a post “Entrepreneurs needs to learn some law“, which spawned from a discussion on first round term sheets. Startups are a massive [...]