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Thanks for the very useful information. I agree with the sentiment already expressed that PDF format would be desirable (for me: to use the document in teachin

by jll29 3y ago

Thanks for the very useful information. I agree with the sentiment already expressed that PDF format would be desirable (for me: to use the document in teaching entrepreneurship). In general, could I suggest working on a flow-chart that embodies incorporation best practices regarding the typical order of things, a sort of "playbook"? Also, it would be fantastic to hear from successful startups which order to things they followed, and where they diverted from orthodoxy (e.g. Google skipped some steps in its IPO process, angering investment banks in the process but coming out of it fine). When you don't know what you are doing and you cannot buy top dollar advice, it's probably best to follow the well-trodden path, but most won't know what that looks like. Another comment: It would be superb if someone collected similar information for other jurisdictions (London, Paris, Berlin, Talinn, Singapore).

swampthing 3y ago
Thanks! I'm very glad that the topic of PDFs came up here because we had thought about them and thought that most people would probably be happier with eBook formats. But given the conversation here, we will definitely be putting out PDFs as well! And thanks for the great suggestions. You're right, the issue is completely that for someone new to all of this, it's not obvious what the well-trodden path is. We don't go up to the point of IPO, but at least for formation, we have the process covered in our first handbook (the one we posted today is our second one) here: https://handbooks.clerky.com/legal-concepts/formation#process https://handbooks.clerky.com/legal-concepts/formation#proces.... I agree a flow chart would be helpful! Also, I completely agree about other jurisdictions. The issue, I think, is really scale. Something like this handbook, and Clerky in general, is only possible because there is this critical mass around Delaware and startups. As it is today, that critical mass is somewhat unique from what I can tell. My hope is that technology will help reduce the level of critical mass that is necessary, so that things like Clerky and this handbook can exist for more situations.

by jll29 3y ago

swampthing 3y ago

Thanks! I'm very glad that the topic of PDFs came up here because we had thought about them and thought that most people would probably be happier with eBook formats. But given the conversation here, we will definitely be putting out PDFs as well! And thanks for the great suggestions. You're right, the issue is completely that for someone new to all of this, it's not obvious what the well-trodden path is. We don't go up to the point of IPO, but at least for formation, we have the process covered in our first handbook (the one we posted today is our second one) here: https://handbooks.clerky.com/legal-concepts/formation#process https://handbooks.clerky.com/legal-concepts/formation#proces.... I agree a flow chart would be helpful! Also, I completely agree about other jurisdictions. The issue, I think, is really scale. Something like this handbook, and Clerky in general, is only possible because there is this critical mass around Delaware and startups. As it is today, that critical mass is somewhat unique from what I can tell. My hope is that technology will help reduce the level of critical mass that is necessary, so that things like Clerky and this handbook can exist for more situations.