jwb119

8 ms·

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by jwb119 11y ago
Thanks for the comment and generosity, this is a work in progress and I’m sorry it set off an alarm bell for you. We posted this to get some usability feedback on what we were working on, it’s not a fully built out description. As backgro
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by jwb119 11y ago
Awesome, yep we are very aware of this. Will be updating the copy and making it more clear going forward. Thanks for the encouragement!
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by jwb119 11y ago
We're definitely not a law firm and we're not giving legal advice. Will put some more info on this up soon - we want to make this better.
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by jwb119 11y ago
Cool, appreciate this feedback. The point of doing a Show HN was to make the product better and more clear, and this is helpful for getting that info. We'll work on it. Is there anything else that interests you about the product that
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by jwb119 11y ago
Email sent :)
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by jwb119 11y ago
This is really interesting, thanks for creating an account and commenting! I think that you're right - litigation related forms do have more complex requirements. That's one of the reasons we started with corporate documents, th
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by jwb119 11y ago
> There are thousands of different NDA and contractor forms floating out there on the Internet but they don't come with explanations of the qualifications/experience of the drafter. This is really interesting and something we&#
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by jwb119 11y ago
Yeah Box is great, and I agree a lot of enterprises use it. It'd be cool to work with them as well (though obviously we don't do it now). Good points on the privacy policy and data security - it's a priority but not reflecte
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by jwb119 11y ago
Hmm, we were actually going for the same point you're making by using that analogy. The thinking is that lawyers handle legal advice (and practice law), while legal assistants handle legal administrative work (and don't give lega
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by jwb119 11y ago
Hey John, thanks for your comments. Really appreciate you taking a look and I hear your points. Your question is probably rhetorical, but we're certainly not trying to give legal advice here (and we've been careful to build this
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by jwb119 11y ago
Awesome, thanks for checking it out and for the feedback! This kind of stuff is great. I think the process server / courier is an interesting analogy. We're definitely not trying to replace lawyers here, but we do want to separa
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by jwb119 11y ago
That's where Dropbox is really cool actually. They have a bunch of great collaboration tools. The way we handle it is we do all the admin stuff - collecting info, filling in the docs, putting in tags for e-signatures - then we drop i
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by jwb119 11y ago
That's correct, we're working on getting that up. Thanks for pointing that out. Right now we're mainly just looking for feedback on whether this is something that people might find useful.
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by jwb119 11y ago
Hey HN! we created a better way to handle the most common paperwork needed by startups. Just sync a Dropbox folder with us and we’ll take care of all the legal paperwork for NDAs, Contractor agreements and LOIs and organize it in that folde
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Show HN: Ironclad – an automated legal assistant(ironclad.ai)
105 points by jwb119 11y ago|39 comments
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by jwb119 12y ago
Happy to talk to you about this if you'd like. Contact info is in my profile.
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by jwb119 12y ago
Maybe if you're a regular cash flow business. But if you're seeking VC money, you absolutely should be incorporating in DE or you risk running into the headache described in the article, IMO.
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by jwb119 12y ago
Why Corporations Choose Delaware: http://startuplawjournal.com/2013/04/04/why-corporations-cho...
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by jwb119 12y ago
I'm a startup lawyer at one of the big firms in SV. My recommendation would be to shop around and find someone that you like working with, and most importantly, ask to meet the junior associate that will be doing most of the work for y
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by jwb119 12y ago
Awesome job. Would be really cool to see something like this for legal citations as well.
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Negotiation tactic for M&A and venture rounds(medium.com)
1 points by jwb119 13y ago|0 comments
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by jwb119 13y ago
SF in particular seems to be reviving the general concept of the boarding house[1]. It's interesting to think about the extent to which this trend might be related to high rents. [1] http://www.sfgate.com/bayarea&#x2F
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by jwb119 13y ago
So the Series A investors would essentially be cashing out the BOOST investors? I don't think any Series A investor would go for this. They want to see all the money go into company growth at that stage.
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by jwb119 13y ago
The subtlety is the Safe converts into a shadow class of securities with rights similar to the next round of preferred stock that the company issues. So those securities are not yet issued, their terms will be negotiated when the company
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by jwb119 13y ago
Right, but I wasn't speaking in the broad sense. In the legal sense, an option has to have a very specific underlying security. That's the case with even a naked option - you know exactly what the underlying security is. The Sa
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by jwb119 13y ago
Just like a convertible note, as soon as there is an equity financing the Safe would just "convert" into a class of preferred stock. So you wouldn't have the valuation problem after you do a first financing, if I understand
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by jwb119 13y ago
An option, strictly speaking, has an underlying security that already exists. The Safe, like a convertible note, doesn't have an underlying security yet, since the company hasn't created the preferred stock that it would convert
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by jwb119 13y ago
Really curious to know how the legal aspect of this is handled. It would seem to be a bad thing if these people are working on real projects for Weebly, but their IP is covered by an existing employment agreement with a competitor, for inst
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by jwb119 13y ago
The lesson from this isn't that you shouldn't get a lawyer to review your 400k business critical contracts, it's that you should pick a lawyer who knows what's important to fight about and what's not, and understand
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Why Corporations Choose Delaware(startuplawjournal.com)
1 points by jwb119 13y ago|0 comments

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