When to consult with tech startup lawyers is an important decision when entrepreneurs, tech startups and small businesses undertake a new venture. Whether in the technology startup field, mobile software, new media, or an e-commerce fashion line, the question of what comes first, what is the first order of business, and where do I start, may arise, and consultation with experienced tech startup lawyers is invaluable in the decision making process.
Entrepreneurs and tech startups are peppered with offers on courses, how to videos, lectures, seminars, networking events, and so called gurus and consultants that offer to show entrepreneurs roadmaps, and best practices, in connection with topics such as “marketing”, “funding”, “sourcing” and so on. If you read nothing else in this post, know that anyone who offers to perform a “pro forma” for your tech startup in 2021 is not doing you any favor, IMHO.
Where To Start Hiring Tech Startup Lawyers
So where should entrepreneurs start? Do they first focus on identifying and protecting intellectual property assets? Do they form a company, whether a corporation, a limited liability company, or some other entity structure? Do they hire a developer? Do they seek funding? And about co founder relationships? IF the venture is developing an app or mobile website such an ecommerce fashion or lifestyle brand, any platform or software SAAS play will likely require a terms and conditions, a privacy policy, an ed user license agreement , or perhaps even a digital millennium copyright act (DMCA) notice. But what happens first? What is the best sequence of events?
Hire a tech startup lawyer, and a good one.
Tech Startup Lawyer for Entrepreneurs
When due diligence, official business, and sequence of action plans really come to fruition, a business savvy technology knowledge intellectual property lawyer can be an entrepreneur’s best friend, and most valuable resource.
Mark Zuckerberg once said: “The company’s who make the fewest mistakes, win.”
This mean risk reduction is critical to tech startups
Consultation with a savvy tech and business lawyer should therefore be the first official order of business of any tech startup. If and when an entrepreneur thinks of a great business idea and business model, then conducts her internal research and development (R&D) for product and promotion strategy, among other marketing objectives, and the tech startup or entrepreneur is now ready to “do business” the first official business should be to consult a technology startup law firm to confidentially discuss with startup attorney the company’s plans and objectives, the operational plan, and that technology startup attorney can advise the company on various due diligence and risk reduction strategies.
