Startup LAWnchpad Podcast – Details, episodes & analysis

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. 

• [: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. 

• “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

• Fordham’s Entrepreneurial Law Clinic

• Follow us on Twitter @FordhamELC

• 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.

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. 

• [: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.

• “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

• Fordham’s Entrepreneurial Law Clinic

• Follow us on Twitter @FordhamELC

• 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.

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.

• [: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.

• “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

• Knock Knock City
• Luggage Hero
• Investopedia
• Clerky
• Angel: How to Invest in Technology Startups- Timeless Advice from an Angel Investor Who Turned $100,000 into $1,000,000 by Jason Calacanis
• Voyager HQ
• Design the Life You Love: A Step-by-Step Guide to Building a Meaningful Future by Ayse Birsel

• Fordham’s Entrepreneurial Law Clinic
• Follow us on Twitter @FordhamELC

• 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

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.

• [: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.

• “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

• Hannah Taylor

• Fordham’s Entrepreneurial Law Clinic
• Follow us on Twitter @FordhamELC

• 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.

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. 

• [: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.

• “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

• Neil A. Weinrib & Associates

• Fordham’s Entrepreneurial Law Clinic
• Follow us on Twitter @FordhamELC

• 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.

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.

• [: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.

• “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

• Startup LAWnchpad Season 1, Episode 12: Seed Financing
• Upfront Ventures
• X2 Ventures

• Fordham’s Entrepreneurial Law Clinic
• Follow us on Twitter @FordhamELC

• 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.

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.

• [: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.

• “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.

• Halyard Capital
• Connecticut Innovations

• Fordham’s Entrepreneurial Law Clinic
• Follow us on Twitter @FordhamELC

• 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

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.

• [: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.

• “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

• Startup LAWnchpad Season 1, Episode 12: Seed Financing
• Y Combinator

• Fordham’s Entrepreneurial Law Clinic
• Follow us on Twitter @FordhamELC

• 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.

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.

• [: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.

• “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

• Boxed

• Fordham’s Entrepreneurial Law Clinic
• Follow us on Twitter @FordhamELC

• 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.

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: Nevin Chetry (Fordham Law ‘19) interviews Rob Sanchez (Fordham Law ‘14), CEO of MouthMedia Network and Lois Herzeca, COO of MouthMedia Network to discuss the path and risks founders take to start a company.

Episode Roadmap:

• ● [:31] Introducing Nevin Chentry, Rob Sanchez, Lois Herzeca and MouthMedia Network.
• ● [3:30] Transitioning legal skills from corporate law to the startup culture.
• ● [6:05] Recognizing when legal work should be delegated.
• ● [9:02] Rob’s decision to attend law school without intending to become a lawyer.
• ● [12:27] Questions entrepreneurs need to ask themselves when raising venture capital. 
• ● [14:13] What venture capital investors are looking for in startups.
• ● [20:15] Balancing your vision for your startup with best business decisions.
• ● [26:22] Lois’s transition from corporate law to a startup.
• ● [29:42] Evaluating risk when considering a startup.
• ● [34:40] Rob and Lois’s advice for their younger entrepreneurial selves.
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• Tweetables:

• ● “We always have to keep in mind the big picture, and what the steps are to get us there.” — Lois Herzeca
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• ● “I can learn almost anything from an MBA program from a book, but the legal degree is a retraining of the way you think about the world.” — Rob Sanchez
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• ● “Most people don’t spend enough time thinking about what they really want when it comes to raising money.” — Rob Sanchez
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• ● “You have to understand who you are as a company, and who the right investors are for you.” — Lois Herzeca
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• ● “Having a very strong vision is important, but so is knowing that you don’t know what you’re doing.” — Rob Sanchez
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• Mentioned in This Episode:

• ● MouthMedia Network
• ● Rob Sanchez
• ● Lois Herzeca
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• Additional Resources: 

• ● Fordham’s Entrepreneurial Law Clinic
• ● Follow us on Twitter @FordhamELC
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• Sponsors: 
• ● Nasdaq Educational Foundation
• ● Fordham’s Entrepreneurial Law Advisory Council
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• 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.