Startup Advice from a Venture Capitalist [Video]

[Video: Tech Start-Up Legal Issues 6: A VC’s Advice – Bloomberg Law]

Interesting Bloomberg Law video interview with Ian Sigalow, a partner at Greycroft Partners LLC. Sigalow qualifies his startup advice as pertaining to the digital sector, however the conversation with Bloomberg’s Spencer Mazyck is of interest to any entrepreneur.

Some takeaways – watch the entire video for the whole story:

  • There’ll always be employee issues…
  • Be sure to grant equity on a vesting schedule…
  • Spend on legal sparingly (especially in the early days when you are making decisions about your IP)…
  • What makes a great CEO? Charisma. Salesmanship. The ability to inspire…
  • Common mistake when pitching VC: people go straight to the detail (because they love their product). Better to focus on the space, the big picture and why it is interesting.
  • Be a good story teller…

Other Bloomberg videos in this series:

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