016: Let’s Talk About 409A Valuations
Conversations with CGL: Professional Insights and Personal Journeys
Release Date: 03/11/2021
039: Lessons From the Biggest Recent Data Breaches
Conversations with CGL: Professional Insights and Personal Journeys
Cyberattacks are not going anywhere soon. The risk of a data breach has been steadily increasing for businesses over the past decade. In fact, in Q3 of 2021, there were more data breaches caused by cyber attacks than there were total breaches in 2020. These dynamic and new threats are coming up constantly. According to the 2021 Business Aftermath Findings: * 58% of small businesses have been impacted by at least one data breach or one security breach. * 45% of small businesses spend between $250,000 and $500,000 to cover the cost of a breach. * 15% had to reduce their...
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038: Operations Privacy and Data Security
Conversations with CGL: Professional Insights and Personal Journeys
Privacy is ubiquitous in our legal and business landscape today and it can seem really big and daunting to companies of all sizes. Although privacy as a legal concept and an operational imperative is new for organizations, the law is developing so rapidly that it can be hard to keep up. In this episode, CGL partner Keri Kelly and Robert Glaser, Managing Principal at Conduit Privacy Solutions join the conversation to discuss operations, privacy, and data security. They also dig into the link between privacy, legal, and IT – a triad of elements to form a single operational program....
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037: Steps to Startup Compliance Success
Conversations with CGL: Professional Insights and Personal Journeys
Founders have a tendency to avoid seeking legal advice in the early stages. That is completely understandable considering the limited resources they have. However, this could lead to compliance issues down the road. From the outset, the cost of legal advice can seem really intimidating, but it is always more expensive to fix what has not been done right. Fixing legal mistakes can be significantly more expensive than being compliant. In today’s episode, we discuss five common mistakes early-stage startups make and some ways to avoid those to set your company up for compliance...
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036: A Story of Distributed Work Featuring CGL's Jessica Clark REPLAY
Conversations with CGL: Professional Insights and Personal Journeys
In this replay episode, I speak with privacy expert Jessica Clark about her journey to distributed work with CGL. She explains how she moved from a fulfilling job with the FTC in Washington D.C. to a leafy suburb in Canada. She also discusses why she didn’t want to (or ultimately need to) choose between her career and the lifestyle she desired. To be sure, Jessica’s story shows the value of distributed work for lawyers. However, in her experience, the clients benefit too. In this episode, you will hear about: Jessica’s career background What spurred her decision to pursue...
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035: Better Supply Chains with Better Contracts
Conversations with CGL: Professional Insights and Personal Journeys
Do you remember the toilet paper panic buying scenario during the onset of the pandemic? Since the beginning of the pandemic, supply chains have been making headlines. The supply chain struggles have affected most of us in one way or another. And if you’re following up on what’s going on with the baby formula shortage right now, it’s an undeniable fact that supply chains significantly impact our society and economy. Supply chain strains are caused by various factors, from shutdowns and the rising cost of production, to trucker issues, warehouse, and worker shortages, reduced...
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034: VC Financing Tips and Tricks
Conversations with CGL: Professional Insights and Personal Journeys
Many startups see venture capital financing as a sexy way to raise funds and it has become more available in recent years. In fact, last year was a record year for VC investment. VC or venture capital is a type of financing that relies on private investors who invest funds into a startup in exchange for equity. This is attractive to some startups because it is available at the company's early stages before the company is profitable. While VC financing comes with a host of advantages, it’s also not without its drawbacks. In this episode, we cover some common legal issues...
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033: ICs in California
Conversations with CGL: Professional Insights and Personal Journeys
The laws surrounding employee and independent contractor (IC) classification and compliance in California are complex. It’s an area fraught with risks so it's really important that you understand the potential risks that come with bringing in additional workers before you take that leap. In this episode, learn some things you need to know when it comes to classifying and hiring independent contractors in California. If you're unsure, it is best to err on the side of treating a worker as an employee, then from there, you can see if they fit into the independent contractor...
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032: Balancing Urgent Work with Important Life Events in 2022
Conversations with CGL: Professional Insights and Personal Journeys
In this episode, CGL partner Jenny Gumer joins us to discuss ways to balance urgent work with important life events - so you get the best of both worlds. Since life is always changing and the things around us are always evolving, balance is a work in progress. What is balanced for us at one point may not be balanced at a different point, and so you have to find what works for you at any given point in your life. A large element of this is being mindful of your relationship with work. This is key if you don’t want to end up compromising things in your personal life. At...
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031: The 4-Day Work Week
Conversations with CGL: Professional Insights and Personal Journeys
As business owners, we want workers to not only get the work done, but also to stay motivated, engaged, and creative. Unfortunately, some companies and workers still believe that working long hours is the only way to be profitable and productive. The 4-day workweek trials taking place around the world are challenging that misconception, however. While also reducing the risk of burnout and employee attrition. While it comes with benefits, implementing a 4-day workweek does come with challenges and compliance hurdles. For instance, there are wage and hour...
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030: Compliance for CBD Companies
Conversations with CGL: Professional Insights and Personal Journeys
In this episode, CGL partner Jenny Gumer joins us to discuss some regulations around CBD products. Currently, the regulatory landscape for CBD products is a total mess and the only road out of all this confusion is if the FDA changes its stance on CBD and introduces federal regulations. Once (and if) that happens, states will then align their regulations with the federal regulations, resulting in increased uniformity and certainty. Until then, it’s going to continue to be tough to navigate the CBD regulatory landscape, and impossible to comply. And so, the trick is...
info_outlineWe get a lot of questions on 409A Valuations here at CGL. These valuations are very important to startups and founders in the early stages. As a CEO, it is your duty to make sure these are done in a reasonable and defensible way.
So if you’re at this stage or have questions about 409A Valuations, this episode will be helpful for you. We are answering many of the common questions we get around this topic. Specifically, we’re discussing 409A Valuations as they relate to privately held companies. Tune in to learn all about this important business process.
In this episode, you will hear:
- Why a 409A Valuation is important.
- How they became a part of the tax code.
- Why these valuations can be problematic.
- How often you should do a 409A Valuation.
- The data needed to perform this valuation.
- The 3 steps that go into performing this valuation.
- Three methodologies you can use to calculate enterprise value.
- What the Black Scholes Model is and how to use it to calculate the value of your stock.
- The role of your auditor in performing a 409A Valuation.
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