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Startups and the law: tips for building a startup with hazy legal parameters?
I am building a product in the stock market / predictive markets / stock simulation space and find myself continually unsure of what is totally legal.
In seeking professional advice, I get differing opinions.
Has anyone else had any experience in building startup in which they were unsure about its legality? I feel constrained; it is affecting my creative process - my ability to innovate. Does anyone have any tips as to how to overcome this?
I feel as though I need a lawyer who's aware of what I am trying to accomplish and who is willing to help me push the boundaries / manoeuvre around existing legal structures, but I have yet to find one. I am not in a position currently to pay one either. My concern with most lawyers is that they seem inclined towards conservative interpretations of the law.
I'd really appreciate some advice.
Kindly,
R
- michael_dorfman 15y agoMy advice is: don't. There's a good reason why lawyers seem inclined towards conservative interpretations of the law. If you're not in a position to pay a lawyer, you are definitely not in a position to be messing around in an area with hazy legal parameters. Point your creative process elsewhere.