October 2010
Beginner
352 pages
6h 11m
English
Content preview from Do More Faster: TechStars Lessons to Accelerate Your Startup
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 67. Default to Delaware
Jon Taylor
Jon is a partner at Kendall, Koenig, and Oelsner, PC. He has been a TechStars mentor since 2008.
You've worked for months toward closing your seed financing. From initial pitches, term sheets, due diligence, and definitive documents, you have finally reached the finish line and are scheduled to close on the day before Thanksgiving except for one significant problem. Your counsel informs you that despite paying a $700 fee for same-day service, the company's amended and restated articles of incorporation will not be filed in time to close because the secretary of state of California has rejected them. It seems a staff lawyer at the secretary of state's office has determined that a requirement in the articles that certain actions be approved by "a majority of the board, including the preferred directors" is in conflict with California law. Despite a history of both company and investor counsel having included this provision in many past filings and the fact that there is no specific provision of the California code prohibiting such a provision, the filing will not be made in time and the closing will need to be pushed back for at least another five days. This kind of thing happens frequently in California. It doesn't happen in Delaware.
While avoiding the capriciousness of the staff lawyers employed by the secretary of state of California is one ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.