Multiple Founders: Avoiding Landmines
Many clients ask me to help them form new businesses. On several occasions, however, when there were two or more founders, the business never got off the ground. The common thread running through these situations is that while the founders thought that they had agreed on business terms, each party had unstated assumptions that came out only when legal documents were prepared.
If you find yourself talking about a new business with one or more other founders, here are some issues you should think about: (more…)