Startup LAWnchpad Podcast

Startup LAWnchpad empowers entrepreneurs by educating them about legal strategies to form, grow, and protect a startup. This podcast is produced by the Entrepreneurial Law Clinic at Fordham University School of Law. It is for educational purposes only and is not legal advice specific to any listener's situation. Startup LAWnchpad is made possible by the generous support of the Nasdaq Educational Foundation, Inc. and Fordham's Entrepreneurial Law Advisory Council.

Cannabis Law 07/10/2024

Cannabis Law Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing, and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: Alice Millerchip (Fordham Law ‘24) and Zachary Schwartz (Fordham Law ‘24) interview Cannabis Attorney Michael McGuire about cannabis law, the emerging cannabis industry, and considerations for new and existing businesses operating in New York’s evolving cannabis market. Episode Roadmap: [:34]Fordham Law students Alice Millerchip and Zachary Schwartz introduce themselves and guest Michael McGuire. [3:32] An overview of cannabis history, law, and the current cannabis industry in New York. [9:55] Licensing options and consideration for entrepreneurs in the cannabis industry. [18:08] Municipality limitations and variations for cannabis dispensaries. [23:06] Details regarding separation of parties of interest (TPI) to minimize monopolies in the industry. [32:03] Major federal regulation and tax considerations that entrepreneurs need to be aware of at start up. [46:02] Long term considerations including post-prohibition pricing and licensing. [50:27] Key developments in the cannabis industry and final words of advice. Tweetables: “This is a great progressive [cannabis] bill in its intent and was really designed well to remedy some of the wrongs that occurred during the war on drugs.” - Michael McGuire “It’s been a very bumpy ride for entrepreneurs in the cannabis industry.” - Michael McGuire “Very few of these rules have actually been challenged in court, so we don’t know what’s going to happen yet.” - Michael McGuire “If you’re an entrepreneur and your cannabis business goes bankrupt, the bankruptcy court can’t protect your assets from the creditor.” - Michael McGuire “You can’t get away with anything. Your actions stay with you in a way that they didn’t when cannabis was prohibited.” - Michael McGuire “As you make your retail plan, you need to be realistic about the long-term price of cannabis.” - Michael McGuire “A lot of people go into the cannabis industry thinking that it's a way to get rich quick. It’s not.” - Michael McGuire Additional Resources: Follow us on Twitter Sponsors: Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. /episode/index/show/startuplawnchpad/id/32084992

Considerations at The Intersection of Technology and Law 07/10/2024

Considerations at The Intersection of Technology and Law Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing, and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: Amanda Rudolf (Fordham Law ‘24) and Kristopher Vahle (Fordham Law ‘24) interview Jeff Neuburger, Partner, Proskauer Rose LLP about considerations entrepreneurs and startups should keep in mind at the intersection of technology and law, as well as best practices to address common issues in this area. Episode Roadmap: [:34]Fordham Law students Amanda Rudolf and Kristopher Vahle introduce themselves and guest Jeff Neuburger. [2:12] The rapid evolution of considerations at the intersection of technology and law over recent years. [3:40] Key areas of concern that startups need to be aware of when compared to larger businesses. [7:46] The importance of sound IP strategies and an awareness of potential issues associated with unprotected IP. [10:07] Key elements of a sound IP strategy including brand strategies and rights. [14:07] Early steps to help protect against IP ownership disputes. [18:50] Recommendations for startup founders to establish IP strategies in order to better attract investors. [20:30] The importance of understanding and monitoring data collection practices. [22:09] Common data collection mistakes that entrepreneurs need to avoid. [25:33] Additional steps startups can take to protect against cybersecurity issues. [27:35] Legal issues to consider when interacting with social media platforms. [31:32] Open source software requirements and limitations. [35:27] Options for staying up-to-date on technological advances that may impact business. Tweetables: “The pace of change in the last few years has really been something that I haven’t seen before. It’s almost a daily development.” - Jeff Neuburger “It’s an exciting time to be practicing in this area, and a challenge for entrepreneurs.” - Jeff Neuburger “It’s very important for startups to get agreements with their founders, their employees, their freelancers, anyone that’s working on developing IP"..." - Jeff Neuburger “Privacy and security are two of the biggest issues at the intersection of technology and law right now.” - Jeff Neuburger Additional Resources: Follow us on Twitter Sponsors: Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. /episode/index/show/startuplawnchpad/id/32084912

Artificial Intelligence and Transactional Practice 07/10/2024

Artificial Intelligence and Transactional Practice Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing, and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: Michael Regan (Fordham Law ‘24) and Jennifer Greenberg (Fordham Law ‘24) interview Daren Orzechowski, Partner, Global Co-Head of Technology, Allen & Overy LLP about artificial intelligence and transactional practice. They cover the impact of the growth of AI on legal practice for entrepreneurs, key AI considerations for entrepreneurs and the changing role of lawyers as AI technology continues to improve. Episode Roadmap: [:34] Third year Fordham Law students Michael Regan and Jennifer Greenberg introduce themselves and their guest Daren Orzechowski. [1:25] The application of artificial intelligence as it applies to the legal and entrepreneurial space. [2:32] The impact of AI technology on both transactional practice and business owners. [3:55] The impact of the growth of AI on legal practice for entrepreneurs. [5:06] Law firm pain points that AI has the potential to help resolve. [6:22] Considerations for entrepreneurs who want to use AI instead of consulting a law firm. [8:38] Key points for helping clients understand the integration of technology into legal work. [10:50] Daren’s preferred AI platforms in the office. [12:20] Challenges that accompany AI solutions, including ethical biases. [14:18] Possibilities in the future of startup companies as AI continues to develop. [15:20] The role of lawyers in critical decision making as AI improves. [17:13] Tactics for effectively implementing AI technology in legal work. [19:21] Daren’s recommendations for new lawyers as they transition into the office. [22:44] Who holds the keys for the responsibility of AI? Tweetables: “Artificial intelligence is very much in the public discussion right now. There’s a lot of confusion about what it is and what it isn’t.” - Daren Orzechowski “AI presents a lot of different possibilities where people can be developing solutions either out of existing platforms or out of new offerings that can help law firms of all sizes.” - Daren Orzechowski “Technology can’t be used for all things, it has to be used for certain things and we have to use it in a responsible way.” - Daren Orzechowski “Lawyers are going to continue to play a tremendous role in this process [as AI improves].” - Daren Orzechowski “This is not the end of lawyers. AI is not a replacement.” - Daren Orzechowski Additional Resources: Follow us on Twitter Sponsors: Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. /episode/index/show/startuplawnchpad/id/32084872

Exit Strategies for Entrepreneurs 07/10/2024

Exit Strategies for Entrepreneurs Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing, and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: Lauren Hutwelker (Fordham Law ‘23) and Arman Borazjani (Fordham Law ‘23) interview Darren Bartlette, Associate, Manatt, Phelps & Phillips, LLP about exit strategies for entrepreneurs. They cover what the options for exit strategies are, timelines for their effective implementation, and the common pitfalls that entrepreneurs need to avoid. Episode Roadmap: [:34] Third year Fordham Law students Lauren Hutwelker and Arman Borazjani introduce themselves and their guest Darren Bartlette and offer an overview of today’s episode. [1:52] As a startup lawyer, Darren helps entrepreneurs at every stage from formation and financing to exit. [2:26] Defining exit strategy options for entrepreneurs and the various reasons founders may be looking at exiting. [4:22] Legal and business considerations for owners when selecting an exit strategy. [5:29] The role that lawyers can play in executing an exit plan. [7:28] Steps to avoiding common legal pitfalls facing entrepreneurs when exiting a business. [10:07] M & A deals have the potential of being delayed if the IP assignment agreement isn’t properly formalized. [11:32] The importance of completing the due diligence process in its entirety. [12:54] Timelines for formulating exit opportunities and when to include them in founder agreements. [15:48] Common exit strategies during an economic downturn. [17:25] Advice for founders facing an involuntary exit and common trends during the recession. [19:07] The ideal timing of a voluntary exit depends on a variety of factors. [20:36] Considerations for founders who are interested in early exiting. [23:08] Darren’s book recommendations for entrepreneurs. Tweetables: “Exits don’t always mean that a company is doing well.” - Darren Bartlette “Founders should consider how much involvement they want to have in the future of the company.” - Darren Bartlette “It’s very important for companies and entrepreneurs to stay organized for any exit event.” - Darren Bartlette “A $5,000 mistake today could turn into a $15 or $20,000 mistake tomorrow.” - Darren Bartlette “Founders should be thinking about exit opportunities early on.” - Darren Bartlette Mentioned in This Episode: Additional Resources: Follow us on Twitter Sponsors: Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. /episode/index/show/startuplawnchpad/id/32084802

The Impact of Emerging Technology on The Law and Startups 07/10/2024

The Impact of Emerging Technology on The Law and Startups Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing, and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: Third year Fordham Law students Abby Kucharczyk (‘23) and Chelsea Lim (‘23) welcome lawyer Alina Kipnis for a discussion about the impact of emerging technologies on the law and lawyering, specifically how recent technologies such as ChatGPT and Artificial Intelligence have raised novel legal questions and how these questions have impacted lawyers, startups and entrepreneurs. They also discuss how the use of technology can streamline legal work for attorneys, but also has the potential of raising legal and ethical issues. Episode Roadmap: [:46] Abby Kucharczyk introduces herself and Chelsea Lim, who offers an overview of today’s episode. [1:56] Definitions of what ChatGPT is and what it is capable of, NFTs (non-fungible tokens) and IP (intellectual property). [2:35] Introducing guest and lawyer Alina Kipnis, who explains how technology has impacted lawyers advising startups. [4:48] General novel issues facing startup attorneys in niche startups. [7:37] Recent news developments regarding technology tools and ways lawyers have been leveraging these tools to their benefit. [11:18] Noteworthy drawbacks of relying too heavily on technology, especially regarding social security and cybersecurity risks. [13:47] Ethical considerations and limitations that lawyers need to be mindful of when using technology such as ChatGPT. [19:03] The impact of legal technological advances on startup growth and formation and Alina’s startup tool recommendations. [21:28] The current and future role of lawyers amidst advancing technologies. [22:21] Common setbacks and opportunities facing startups when utilizing technological tools. [26:30] A look to the future of technology law and possibilities within the industry. Tweetables: “Technology is impacting our everyday life, whether in the personal or professional sphere, so it’s a very interesting time to become entrenched and immersed in the space.” - Alina Kipnis “Most of the technology being used today is new and still evolving. That means that regulators have yet to catch up to effective rule making and policy making to protect the public.” - Alina Kipnis “It’s an exciting time, but there are also many unknowns.” - Alina Kipnis “Technology has many benefits, but it does come with its own issues and risks.” - Alina Kipnis “ChatGPT and other technological tools should only be used as a starting point resource instead of the resource when it comes to legal work.” - Alina Kipnis “Technology cannot eliminate the technological skills that lawyers bring to the table.” - Alina Kipnis Additional Resources: Follow us on Twitter Sponsors: Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. /episode/index/show/startuplawnchpad/id/32084752

Multimedia Rights and NIL Considerations for Sports Startups 04/26/2024

Multimedia Rights and NIL Considerations for Sports Startups Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: Jacob Shiffer (Fordham Law ‘23) is joined by David Connolly, Chief Legal Officer at Playfly Sports for a look at the Multimedia Rights and NIL considerations for sports startups. Together they discuss the legal considerations for entrepreneurs in the sports and media industry, including a history of Playfly Sports, initial legal issues for entrepreneurial companies in media, the advantages and disadvantages of a legal background and entrepreneurship, as well as NIL considerations. Episode Roadmap: [:30] Third-year Fordham law student Jacob Shiffer introduces David Connolly (Fordham Law ‘02). [1:31] An overview of the mergers and acquisitions practice. [3:05] Lessons David learned from his time with an M&A team. [6:18] Forming the idea behind Playfly Sports. [10:15] Legal considerations that are commonly overlooked by entrepreneurs. [12:47] Considerations for entrepreneurs who need help raising capital. [14:09] Advantages and disadvantages of David’s legal background. [17:16] Changes resulting from NIL (Name, Image, and Likeness) rule developments. [21:36] The impact of NIL on startups and entrepreneurs. [24:31] NIL issues entrepreneurs tend to overlook. [27:16] The potential impact of entrepreneurs and startups in this industry. [28:30] Fordham advice from a successful alumnus. Tweetables: “People who were too concerned about risks may not be successful in the entrepreneurial side of the business.” - David Connolly “The advice I would give entrepreneurs is to think about how you want your business to grow and who the partners are who are going to facilitate that growth.” - David Connolly “If you’re bringing in an investor who can provide capital, you need to make sure you’ve got the right partner so they can help guide your growing business.” - David Connolly “Know the boundaries of where your expertise ends and when to bring in people who really are experts.” - David Connolly “NIL is all very new and people are trying to figure it out along the way.” - David Connolly “Entrepreneurs need to know, and embrace the fact, that they’re going to make mistakes and then learn from those mistakes.” - David Connolly Mentioned in This Episode: Additional Resources: Follow us on Twitter Sponsors: Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. /episode/index/show/startuplawnchpad/id/31004873

The Role of In-House Counsel in the Startup Context 04/26/2024

The Role of In-House Counsel in the Startup Context Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing, and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: Kimberly Fishman (Fordham Law ‘23) and Sydney Glazer (Fordham Law ‘23) welcome Theresa Mohan, Adjunct Professor at Fordham Law School for a discussion about the role of in-house counsel in the startup context. Together they examine the recommended timeline for securing in-house counsel, the benefits of utilizing external versus in-house counsel, and what entrepreneurs need to know when employing legal services at various stages of their start-up. Episode Roadmap: [:30] Third-year Fordham law students Sydney Glazer and Kimberly Fishman introduce Professor Theresa Mohan. [2:28] When should an entrepreneur hire in-house counsel? [4:41] Employing external counsel as needed in early company stages. [6:23] The recommended path for growing in-house counsel. [8:13] Determining appropriate compensation for in-house counsel. [11:50] Being king versus being rich- how successful founders make their decisions. [14:55] Potential legal issues that lawyers of start-ups will face. [17:15] The expansive and changing role of early-stage legal counsel. [20:00] The standard inflection point of requiring greater legal counsel- going public. [24:21] Raising capital advice can be provided by an outside law firm. [26:45] Lessons learned from 20+ years of advising growing internal legal departments. [29:02] Critical skills to look for when hiring in-house counsel. [31:15] When to utilize outside versus in-house counsel. [32:47] Advice for the entrepreneurial leader. Tweetables: “Hiring a lawyer too soon could inhibit a new company’s perspective or growth.” - Theresa Mohan “The legal department takes its shape and its growth trajectory based on the business itself and the needs of that business.” - Theresa Mohan “The most successful entrepreneurs understand that they are going to get more growth by sharing the potential upside.” - Theresa Mohan “The needs of a company as it grows and expands are going to be keyed off of what that company is doing.” - Theresa Mohan “Raising capital is something that an outside law firm can provide very good service on.” - Theresa Mohan “There has to be alignment between the lawyer and the founder and leader of the company.” - Theresa Mohan Mentioned in This Episode: Additional Resources: Fordham’s Entrepreneurial Law Clinic Follow us on Twitter @FordhamELC Sponsors: Nasdaq Educational Foundation Fordham’s Entrepreneurial Law Advisory Council Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. /episode/index/show/startuplawnchpad/id/31004828

Cryptocurrency, Diversity, and Law 04/26/2024

Cryptocurrency, Diversity, and Law Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing, and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: Sharon Yang (Fordham Law ‘23) is joined by Wenting Yu, Partner at O’Melveny & Myers LLP for a discussion about cryptocurrency, diversity, and law. Together they examine the details, deals, and legal underpinnings surrounding cryptocurrency; highlight the role that cryptocurrency plays in enhancing diversity; and discuss the steps that entrepreneurs and law students can take to get involved in the crypto space. Episode Roadmap: [:40] Sharon Yang introduces herself and guest Wenting Yu, and defines key cryptocurrency terms. [5:00] An overview of various crypto deals and the importance of accurate legal advice. [9:40] Insights into mining, data centers, and green costs. [13:54] Cross-border crypto work and the typical transaction. [16:05] Diversity advancements and advantages in the crypto industry. [19:58] Wenting highlights the rewards and challenges of working in the crypto space. [23:37] Key legal issues that crypto-startup entrepreneurs need to know. [25:10] A look at the future of crypto in the wake of FTX. [29:00] Wenting’s advice for students who are interested in pursuing a crypto transactional practice. [31:58] Steps for getting connected and entering into the crypto space. Tweetables: “Legal advisors are working to make sure they’re conducting the business within the framework of the current legal market.” - Wenting Yu “A lot of these companies are using renewable energy to first help their incentives.”- Wenting Yu “The crypto world is somewhat permissionless and decentralized, and it definitely lowers the barriers to disadvantaged groups.” - Wenting Yu “A lot of minorities and marginalized groups are turning to crypto as a tool and developing ways to use it.” - Wenting Yu “I don’t think the direction is wrong. It’s just how we get from where we are to the future and our vision there.” - Wenting Yu “Get connected with people who are already in this space, and get involved however you can.” - Wenting Yu Mentioned in This Episode: O’Melveny & Myers LLP Additional Resources: Fordham’s Entrepreneurial Law Clinic Follow us on Twitter @FordhamELC Sponsors: Nasdaq Educational Foundation Fordham’s Entrepreneurial Law Advisory Council Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. /episode/index/show/startuplawnchpad/id/31004723

ESG 03/03/2023

ESG Alexa De Leon (Fordham Law ‘23) and Jordan Phelan (Fordham Law ‘23) interview Helene R. Banks, Partner at Cahill Gordon & Reindel LLP, and co-chair of Cahill’s Mergers & Acquisitions and Corporate Advisory practice groups, about ESG — what it means, ESG considerations over the lifecycle of a business, and how entrepreneurs should approach disclosures regarding ESG. They also discuss greenwashing and green claims. Episode Roadmap: ● [:40] Alexa De Leon introduces herself, Jordan Phelan and today’s guest Helene R. Banks. ● [2:30] An overview of the three major components of ESG practices and how they work together. ● [4:22] Main concerns regarding ESG for early stage entrepreneurs and startup companies. ● [7:06] The impact of ESG on investor interest and an overview of the current value of impact investing. ● [10:23] Diversity, transparency, and other critical features of ESG investing. ● [12:58] NASDAQ disclosure requirements and the ESG requests of a reasonable investor. ● [15:14] The role that strong ESG practices play in a company’s exit strategy. ● [19:44] Key considerations for environmental, social, and governance practices in the early stages of a company. ● [21:06] Greenwashing claims and how they can negatively affect a company. ● [25:36] Helene’s advice for crafting organized efforts around ESG. ● [28:45] A look at the future impact and role of ESG. Tweetables: ● “If you’re just starting out and you have a clear sense of your mission and purpose, it's a lot easier than having to figure it out later.” - Helene R. Banks ● “ESG is really a key value point for investors.” - Helene R. Banks ● “ESG is not a short-term value proposition. It’s a significant long-term plan.” - Helene R. Banks ● “When you are raising money in the private market, you have to discuss with your investment community what you’re doing. And part of what you’re doing is regarding your ESG initiatives.” -Helene R. Banks ● “There is a significant advantage to having your ESG bona fides in place before you try to exit.” -Helene R. Banks ● “You have to be clear on the difference between what you actually have done and what you are aspiring to do.” - Helene R. Banks ● “At some point, we won’t be talking about ESG because it will just be what companies do.” - Helene R. Banks Mentioned in This Episode: ● ● Additional Resources: ● ● Follow us on Twitter Sponsors: ● ● Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. Helene Bank’s comments in this Podcast are for general information purposes only and not intended to advertise her Firm’s services, solicit clients or represent the Firm’s legal advice. /episode/index/show/startuplawnchpad/id/26117295

Impact Investing with a Gender Lens 04/21/2020

Impact Investing with a Gender Lens Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: Julian Constain (Fordham Law ‘20) interviews Ana Demel, Vice-chair and Secretary of the Board of Directors of Pro Mujer, Inc. about the origins of this social enterprise, its history and current mission, and the legal matters that can arise out of such a unique corporate structure. Episode Roadmap: [:30] Julian Constain introduces himself and Ana Demel, who shares the origin and mission of Pro Mujer as well as a snapshot of the successful organization, which helps poor women in Latin America. [7:03] An overview of the three-pronged empowerment mission of the company, including financial services, health, and training. [10:30] The complexities and strategic points of operating in six different countries throughout North and South America, and what it means to be a social enterprise. [14:25] The benefits of claiming 501(c)(3) federal tax exempt status and the ways in which profits of for-profit subsidiaries can be invested into the mission of a tax exempt organization. [21:37] Responding to regulatory changes and planning for the future with corporate restructuring, in order to maximize the organization’s mission. [23:13] Legal challenges that companies might face when meeting corporate governance regulations in the international finance and health sectors. [28:07] Examples of balancing Pro Mujer’s company vision while also complying with corporate governance. [34:25] The process of introducing Pro Mujer’s services into new countries and the challenge of moving capital from country to country. [40:16] A look at what’s next as Pro Mujer works to fulfill its mantra of empowering women in Latin America. Tweetables: “I realized that every improvement in how the organization was run meant an improvement in the way it could serve these women in Latin America.” — Ana Demel “Microfinance involves lending micro amounts, primarily to women, to help them in their businesses….You help them help themselves.” — Ana Demel “Three years ago we took a really hard look at what we were doing as an organization, and we came up with a strategic plan that envisions Pro Mujer as a platform for many different services.” — Ana Demel “We want to impact more women in a more impactful way, and it’s not just a matter of growing the number of our financial services clients. It’s knowing that we’re growing what we’re doing for all these clients.” — Ana Demel “The key to being tax-exempt is that all the work we do is for the purpose of furthering our charitable mission, which is to help women in Latin America.” — Ana Demel Mentioned in This Episode: Additional Resources: Follow us on Twitter Sponsors: Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. /episode/index/show/startuplawnchpad/id/14082473

From Startup to Exit 04/21/2020

From Startup to Exit Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: Moyosola Soyemi (Fordham Law ‘20) and Eileen Gaffney (Fordham Law ‘20) interview Selin Sonmez, co-founder of Knock Knock City, Co., about the business process from startup to exit, including the various legal and business issues entrepreneurs should consider on their road to acquisition. Episode Roadmap: [:30] Moyosola Soyemi and Eileen Gaffney introduce themselves and Selin Sonmez, co-founder of the recently acquired Knock Knock City, who shares the inspiration for her startup and her studies in industrial design. [8:45] Is it necessary to have an exit strategy when founding a company? The benefits of choosing a corporation over an LLC. [11:39] Selin shares the online resources she utilized to find answers to legal questions and the point at which she began consulting with a lawyer instead. [16:37] Tips for building a brand while protecting intellectual property rights, and financing without fundraising through maximizing SEO and partnerships. [20:47] Questions to ask yourself before proceeding with a buy-out, including how to determine if the buy-out company is one that you want to partner with. [27:28] Legal and logistical challenges of partnering internationally. [29:02] Negotiating deal terms, both independently and with the guidance of lawyers. [33:07] How to obtain accurate valuation of your company when selling. [37:37] A look at signing day and what life looks like for Selin after the acquisition. [41:35] The value of engaging in design thinking when looking for new business ideas. [44:44] Selin shares advice from the lessons she learned on the path from startup to exit. Tweetables: “An exit strategy was always only in the back of our minds. Our focus was on growing.” — Selin Sonmez “Ask yourself, if we sell, is this the right person? Does this deal match our vision?” — Selin Sonmez “It’s always good to consider lawyers as business people too, who will be helping you and pointing out details you’ll be missing because you’re optimistic and want to be fast and get the deal done.” — Selin Sonmez “There’s always someone who has been there, done that, and there is value in seeking advice from them.” — Selin Sonmez “The right brain is a muscle. The more you practice it the more it evolves. So, there’s no such thing as not being creative; you can learn to be.” — Selin Sonmez Mentioned in This Episode: Additional Resources: Follow us on Twitter Sponsors: Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented, and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely /episode/index/show/startuplawnchpad/id/14082428

Social Media Influencer Agreements 04/21/2020

Social Media Influencer Agreements Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: Tommine McCarthy (Fordham Law ‘20) and Shirley Ureña (Fordham Law ‘20) interview Hannah Taylor, Partner at Frankfurt Kurnit Klein & Selz, about social media influencer agreements in which a brand enters into a contract with an influencer to create content that promotes a brand on social media. The discussion includes details about exclusivity, termination, specificity, and ownership of influencer content. Episode Roadmap: [:30] Tommine McCarthy (Fordham Law ‘20) and Shirley Ureña (Fordham Law ‘20) define social media influencer agreements and welcome Hannah Taylor. [2:52] Understanding the advantages and disadvantages of utilizing social media influencers. [6:55] Does the liability for non-compliance lie with the brand owner or the influencer? [8:53] Understanding the level of influence and substantiation the brand is allowed to have on the influencer's opinion of a product or experience. [12:13] An overview of the scope of work and content provided by the influencer, including approval rights, visibility, and ownership. [17:25] Is it typical for a brand to ask for influencer exclusivity, and how does non-compete law factor into this? [19:15] Contests, sweepstakes and promotion law factors for influencers. [23:18] Common compensation structures for paid posts and the benefits of being a micro-influencer. [26:02] Highly negotiated terms in an influencer contract include exclusivity, termination, morals, and money. [29:20] Common mistakes brands make when entering into influencer agreements such as not including specific content and monitoring policy requirements. [32:15] Recommendations for new entrepreneurs’ monitoring programs and why specificity always wins. Tweetables: “The FTC can go after whomever they want to go after. It’s the FTC’s job to make sure that consumers are not deceived.” — Hannah Taylor “Some guidance from a brand about what a product does and appropriate ways to speak about the product is always a good idea.” — Hannah Taylor “The main advertising rules from the FTC are don’t lie and don’t be unfair. Pretty simple, but the ways in which they think things are deceptive, lying, or unfair are pretty nuanced, depending on the way people communicate.” — Hannah Taylor “It’s not only money that can constitute a material connection between a company and an influencer. It’s anything of value or anything that could bias somebody….including free products.” — Hannah Taylor Mentioned in This Episode: Additional Resources: Follow us on Twitter Sponsors: Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented, and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. /episode/index/show/startuplawnchpad/id/14082332

Immigration Law Considerations for Entrepreneurs 04/21/2020

Immigration Law Considerations for Entrepreneurs Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing, and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: Nicole Gunara (Fordham Law ‘19) and Ashley Meadows (Fordham Law ‘20) interview Neil A. Weinrib, Managing Director at Neil A. Weinrib & Associates, about immigration law considerations for entrepreneurs, including the ability of foreign nationals to develop a business in the U.S., factors in employing foreign individuals, and options for raising capital through foreign investment incentive programs. Episode Roadmap: [:30] Nicole Gunara and Ashley Meadows introduce the topic of immigration law and welcome Neil A. Weinrib, who emphasizes the need for entrepreneurs to understand immigration law. [3:10] Considerations for startups if a founding member is a foreign student, including the types of visas foreign students must maintain while in the U.S. [7:15] Assessments foreign students need to make after graduation when forming a startup while on OPT status or an H-1 visa. [13:10] Three standards that must be met to qualify for an O-1 visa and general application timelines. [18:32] Standards of the EB-1 visa and the status you will obtain from it, and whether it can lead to a green card. [21:52] The steps a foreign entrepreneur should take to determine if they qualify for a visa and the best place to seek advice for sponsorship. [27:11] Application expenses and legal fees that a foreign student can expect to spend on meeting visa requirements. [33:16] Foreign investors can utilize visa programs to fund projects in the U.S. with the use of EB-5 visas and targeted employment areas, if they meet hiring requirements. [42:12] Details of the E-2 investment visa program and where to find current and accurate information regarding the qualified countries list. [48:42] Main points for companies when considering hiring foreign nationals and information to request from potential employees. [53:25] Neil shares the path that led him to practicing immigration law and advice for law students who are considering the field. Tweetables: “Foreign students need to be very careful about who they partner with. If there is a falling out, someone could try to create a problem for them.” — Neil A. Weinrib “For H-1B visas, the U.S. immigration service hasn’t been receptive to entrepreneurial endeavors.” — Neil A. Weinrib “Most foreign students are aware that it’s becoming increasingly more challenging to get an O-1 visa.” — Neil A. Weinrib “Foreign nationals completing their education often find themselves in a race because they are aware of what the immigration options are and are rushing to satisfy one of the existing categories.” — Neil A. Weinrib “The biggest challenge for foreign nationals who want to use the EB-5 mechanism is the hiring requirement. They have to hire 10 U.S. workers within roughly 3 years.” — Neil A. Weinrib “A lot of people look to Google for immigration answers, and what they don’t always realize is that much of the data on the internet is stale or it’s been overruled or amended or changed.” — Neil A. Weinrib Mentioned in This Episode: Additional Resources: Follow us on Twitter Sponsors: Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented, and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. /episode/index/show/startuplawnchpad/id/14082305

Fundraising Tips for Startups 04/21/2020

Fundraising Tips for Startups Chloe Curtis (Fordham Law ‘19) and Daniel Salomon (Fordham Law ‘19) interview Gary R. Schall, Partner at WilmerHale, about fundraising tips for startup companies and specific tools for nailing a pitch to investors. Episode Roadmap: [:30] Chloe Curtis and Daniel Salomon introduce themselves and Gary R. Schall, Partner at WilmerHale. They define equity financing and highlight characteristics investors are looking for when considering an investment. [3:13] ‘How does company type influence the ability to secure funding?’ and other questions startups need to answer before seeking funding. [7:40] Pros and cons of asking friends and family for initial funding. [12:03] The importance of obtaining legal advice to evaluate securities law issues, at the federal as well as state level. [13:29] An overview of angel investors — an ideal source of funding. [16:58] Understanding the value — beyond money — that sophisticated investors can bring to the board. [21:57] Equity crowdfunding as an option for raising capital, legal obligations, and funding limits that companies need to comply with when crowdfunding. [29:48] Tips for approaching traditional venture capital firms and the first message you need to convey to them. [34:33] Particular recommendations for female and minority entrepreneurs [36:17] Recommendations for nailing the perfect pitch starts with stating the problem your company will solve and why they should care about it. [42:51] How many investors should you plan on pitching to before securing any funding? And what is the ideal timeline for making a pitch? [46:45] How to negotiate the amount of equity provided to investors. [50:15] The essentials checklist for the perfect pitch, and Gary’s top tips for maximizing your time with the investor. [53:58] Advice for maintaining positive relationships with investors over time. Tweetables: “There is a lot of homework you need to do before you even think about raising money.” — Gary R. Schall “For every security that gets issued in the United States, one of three things happens — it’s exempt under the securities laws, it’s registered with the SEC, or it’s illegal. We don’t like being in the last category; we typically like being in the first — it’s exempt.” — Gary R. Schall “There’s an expression ‘smart money and dumb money’. Sophisticated investors are considered smart money because they bring more than just a check.” — Gary R. Schall “Being informed about what you’re getting into is very important with equity crowdfunding.” — Gary R. Schall “A good investor is going to test you….and you’d better know the answers. You’d better be prepared.” — Gary R. Schall Mentioned in This Episode: Additional Resources: Follow us on Twitter Sponsors: Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. /episode/index/show/startuplawnchpad/id/14082275

The Funding Spectrum — From Seed Financing to Private Equity 04/21/2020

The Funding Spectrum — From Seed Financing to Private Equity Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: William de Wolff (Fordham Law ‘20) and Kei Komuro (Fordham Law ‘21) interview Robert B. Nolan, Jr. (Fordham Law ’77), Managing Partner at Halyard Capital about various stages of capital raising including seed capital, venture capital, and private equity; how to attract investors; and how to raise money for your business. Episode Roadmap: [:30] William de Wolff and Kei Komuro introduce themselves and Robert B. Nolan, Jr, who shares the beneficial role that legal training played into his transition from law to private equity. [5:06] The spectrum of funding within the world of seed capital, venture capital, and private equity, and key characteristics of each stage. [11:04] At what stage do investors want to see a profit from their investments? [12:35] The importance of receiving operational expertise and guidance, in addition to financing. [14:50] Common concerns of investors regarding practical, legal, market changes, and management issues, and how investors evaluate the profitability of a startup. [20:10] Advice regarding the concerns of entrepreneurs seeking capital through private equity. [27:14] Why investors need to be kept well informed by struggling entrepreneurs. [29:34] The value of social innovation and positive environmental, social, and governance (ESG) factors in the investment world. [38:42] Options beyond certified B corps or benefit corporations that companies can take advantage of to incorporate a social mission. [42:18] A look at the future of capital funding supporting social initiatives. [44:54] Mr. Nolan’s recommendations for entrepreneurs who are attempting to become investors or to get access to pools of capital, and the importance of intellectual property in attracting investors. Tweetables: “Seek more than capital when talking to investors — seek those with expertise who can help you penetrate or disrupt a marketplace.” — Robert B. Nolan, Jr. “Always remember the first and foremost rule with a venture capital or private equity professional is that they believe management can deliver its promise…. It’s usually based on an entrepreneur’s vision and their perception of how they will make a difference in the marketplace.” — Robert B. Nolan, Jr. “Investors don’t expect you to be profitable from day one, but you do need to ultimately figure out a path to profitability.” — Robert B. Nolan, Jr. “The best thing an entrepreneur can do for its investors is to be transparent. Be open with information and tell them in advance if you see a problem coming.” — Robert B. Nolan, Jr. “The opportunity to have a dream developed and nurtured is the greatest reward one can have in the business world.” — Robert B. Nolan, Jr. “One of the most attractive elements for an investor is the potential — let alone the realization — of intellectual property that is derived from the business idea being touted by the individual entrepreneur.” — Robert B. Nolan, Jr. Mentioned in This Episode: Additional Resources: Follow us on Twitter Sponsors: Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice /episode/index/show/startuplawnchpad/id/14082242

Negotiating Convertible Note Term Sheets 04/21/2020

Negotiating Convertible Note Term Sheets Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: Elizabeth Ostaszewski (Fordham Law ‘19) and Christie Yeh (Fordham Law ‘19) interview Seth Helfgott (Fordham Law ‘09), Partner at Wilson Sonsini in San Francisco, to discuss convertible notes — the most common way to raise modest amounts of capital from venture capital firms at the seed stage. Episode Roadmap: [:30] Elizabeth Ostaszewski and Christie Yeh introduce themselves and their guest Seth Helfgott and offer an overview of venture capital financing and convertible notes. [7:20] What terms should a borrower look for and what details should they focus on when obtaining a convertible note? [11:23] Convertible note negotiations and the role of the valuation cap. [17:10] Discount rates and their ideal percentages. [19:23] How exactly do convertible notes convert? An overview of the three most common mechanisms for conversion. [21:39] General terms that are considered non-negotiable by venture capitalists and the provisions that startups need to fight for. [27:09] Who controls amendments to convertible notes? [28:49] Understanding West Coast vs. East Coast convertible note negotiations and the new SAFE agreement. [30:59] Seth’s career advice for both entrepreneurs and lawyers. Tweetables: “Companies don’t need to focus too much on building out a financial model at this point — most venture capitalists recognize it’s really just guessing at this early stage.” — Seth Helfgott “You need to think about the size of the round that you are raising now and the size of the round you expect to raise before these notes convert.” — Seth Helfgott “Historically East Coast is more investor friendly and West Coast tends to be more company favorable.” —Seth Helfgott “Value your time — don’t do it for free — but there are plenty of pro-bono opportunities to get involved in.” — Seth Helfgott Mentioned in This Episode: Additional Resources: Follow us on Twitter Sponsors: Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented, and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. /episode/index/show/startuplawnchpad/id/14082185

The Boxed Journey 04/21/2020

The Boxed Journey Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City. Episode Description: David Adler (Fordham Law ‘19) and James Fitzpatrick (Fordham Law ‘20) interview Chieh Huang (Fordham Law ‘08), CEO and Co-Founder of Boxed, an online wholesale retailer, to discuss the legal and practical challenges of pursuing entrepreneurial endeavors. Episode Roadmap: [:30] David Adler introduces himself, James Fitzpatrick, and Chieh Huang, CEO of Boxed. [1:37] The personal and professional reasons Chieh attended law school and the impact his legal training has had on his company’s success. [5:12] Chieh describes his journey from practicing attorney to prosperous entrepreneur. [12:26] Advice for lawyers who are interested in pursuing entrepreneurial endeavors. [15:17] Legal challenges and advice for a startup company that does it all. [19:21] Understanding employee benefits from one of the most generous companies in the world. [22:14] Two tips for mastering the “jerk test” and the most effective way to make a positive social impact. [27:30] Raising funding and the right time to quit your full-time job. Tweetables: “My legal degree allowed me to understand the basic rules of the business game.” — Chieh Huang “Being an attorney has prepared me for a lot of what happens at Boxed. Not a lot scares me because I know what the truly serious legal issues are.” — Chieh Huang “Doing the right thing and doing good can be the right business decision too.” — Chieh Huang “You can’t do everything, but do the things that actually affect you, your employees and your customers.” — Chieh Huang Mentioned in This Episode: Additional Resources: Follow us on Twitter Sponsors: Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”), is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice. /episode/index/show/startuplawnchpad/id/14082170