Startups are often cash-strapped in their early days, but ita4ぎa4г usually during those times that they most desperately need legal counsel. So whata4ぎa4г the best way to compensate those professionals for their time
Despite some perceptions, the industry norm is for attorneys toあnotあtake equity or a board seat as a form of compensation from startups, says attorney Martin Nichols in this Entrepreneur Thought Leader Lecture at Stanford University. In Silicon Valley, fee deferrals are far more normal.
(Cana4ぎa4д see the video Click here.)
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Chris Morris is editor of the Entrepreneur Corner on VentureBeat, helping start-up business owners launch and grow their companies. He previously worked at Yahoo! Finance, where he was managing editor, and as director of content development at CNNMoney.com. He is also a widely respected journalist in the video game and technology fields, whose work has appeared in Variety, CNBC.com, AOL and Forbes.com. Follow him on Twitter at @MorrisatLarge
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