Summary: When lawyers defer their legal fees, they expect equity for the risk of not getting paid. If their risk is low or they’re not deferring fees, you can say no. In any case, offer them the right to invest $25K-$50K in your financing instead of giving them free equity. A reader asks: “I wonder if I could pester you briefly for lawyer advice. We are talking to a law firm and I’ve got their standard letter of engagement which asks for the right to purchase 1% of common stock at the same price as founders. Their ot... lire la suite
Lien du post: http://feeds.venturehacks.com/~r/venturehacks/~3/208700677/lawyer-equity
Summary: When lawyers defer their legal fees, they expect equity for the risk of not getting paid. If their risk is low or they’re not deferring fees, you can say no. In any case, offer them the right to invest $25K-$50K in your financing instead of giving them free equity. A reader asks:
Lawyers, Judges, and Money
Mavericks for Inequity
ConnectU founders Cameron Winklevoss, Tyler Winklevoss and Divya Narendra have hired new lawyers to argue their suddenly renewed case that Facebook founder Mark Zuckerberg stole their idea for his site. The parties agreed to a settlement in February, but last week ConnectU cited new evidence and asked a judge to let it out of the deal.
Lawyers, Guns and Money Shop Now Open
We’re back with the latest on the financial blogosphere! Let’s check out what’s happened in the lives of some of our favorite bloggers… Who’s pondering paying off their car loan using a credit card strategy? Who just completed a home renovation project under $50,000? Who’s not too happy with Target… and why?
Can you imagine the reaction if a Democratic candidate made a Mitt Romney type consult the lawyers before launching a war remark? Republicans wouldn’t be guilty of a double standard, would they? First Kill All The Lawyers (Republican Policy) You can find more of my legal humor here.
Newspaper identifies Mohammed Kutub Uddin as a peddler of fake passports to terror suspects. The News of the World has a reputation slightly above the old Weekly World News (which by the way, I miss). But NOTW was mentioned in a Pretenders song and the newspaper did break the Paul McCartney divorce story 18 months ago, so when it says it has uncovered “a string of unscrupulous lawyers ready to aid terrorists in return for cash,” I figure it might be worth noting.
Britney Spears’ Lawyers Call It Quits
Britney Spears’ Lawyers Ask To Quit Custody Case LOS ANGELES (AP) - Britney Spears’ lawyers in her custody battle with ex-husband Kevin Federline are quitting. The law firm Trope and Trope asked a court Wednesday to be relieved as Spears’ attorneys. ]Read more! This entry was posted on Thursday, January 3rd, 2008 at 9:
The Rules of Success As MicroSolutions became more and more successful, and as I paid attention to the common traits of businesses that I saw succeed and those I saw fail, I came to realize that there are "Rules of Success" that I saw in companies that excelled. Where companies failed to follow those rules, inevitably, they failed.
James Picerno submits: The U. S. stock market capitalization, as a share of the global equity market, has fallen to its lowest level since 1995, according to numbers from S&P/Citigroup Global Equity Indices.
David Rubenstein was supposed to deliver the keynote speech Friday morning at the Wharton Private Equity Conference, an annual event that draws buyout professionals and academics to discuss the state of the industry. Instead, the Carlyle Group managing director was “hooted off the stage,” as The Philadelphia Inquirer’s Joseph N.
In a further blow to the monoliners, Bloomberg is reporting that AMBAC will ditch its plan to raise equity: Ambac Financial Group Inc. scrapped a plan to raise equity capital after the bond insurer's shares plunged 70 percent in the past two days, putting its AAA credit rating in jeopardy.
As the gaming press widely reported recently, Take Two has settled a class-action lawsuit filed against it in the wake of the 2005 Hot Coffee scandal. Gaming Steve has dug into the fine print of the deal and discovered that the big winners are - surprise! lawyers: Any US citizen who was officially “offended and upset” by the ability to unlock [the Hot Coffee] content can now claim up to $35 in compensation.
From the one group of lawyers possibly more dangerous than the ACLU, the Center for Constitutional Rights, we get this news! More than 80 attorneys who have been offering free-of-charge legal services to Guantánamo detainees issued a statement Monday supporting Democrat Barack Obama's presidential bid.
Thomas Smicklas submits: On occasion, a relatively obscure, poorly performing fund may contain the seeds of success over the long term. We all know the old saying "every investment has its season". PowerShares' International Listed Private Equity Portfolio (PFP) has been stuck in a monsoon-created mudslide since its inception in September of 2007, sinking a little deeper without respite.
AOF - Private equity :
A l'occasion d'une rencontre qui a eu lieu en novembre 2007, le conseiller fédéral Hans-Rudolf Merz et les responsables des associations du secteur financier ont convenu d'approfondir le dialogue en vue de définir une stratégie applicable à l'ensemble du secteur financier (cf. communiqué du DFF http:
Scientology Has Lots Of Lawyers