Hardware Podcasts

068: Partnership & Funding Legal Considerations for Product Startups

Product Startup · 23 Mar 2021 · 38m

What this episode covers

Brett Colvin, President of Goodlawyer, joins host Kevin Mako to discuss legal strategies for hardware startups, focusing on partnership agreements and financing rather than intellectual property. Colvin advises founders to use Non-Disclosure Agreements (NDAs) as a baseline for protecting information when engaging stakeholders, while emphasizing that they do not confer market exclusivity. The conversation details the importance of leverage and expertise in vendor contracts, warning against long exclusivity terms without minimum order requirements, and outlines financing structures like bootstrapping, equity, debt, and convertible notes.

Most relevant to

early-stage companies

Topics

Mentioned

Companies
Goodlawyer, Mako Design + Invent, Staples, Neo Financial, Skip

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