A regular dose of Tech Startup News – powered by Zaphne
What is the best way to incorporate a tech startup?
The considerations in forming a tech business are the same as considerations in forming any other small business. It usually comes down to liability protection for owners from business creditors, but more importantly, protection from your own business partners. As a practical matter, the greatest threat to your business is internal, your partners. They are much more likely to cause the destruction of your business than outside creditors. The main advantage in forming an LLC in Delaware for your tech business would be that the LLC Operating Agreement governing the company will be enforced by the courts as written, even if unfair to your business partners. So even harsh remedies, such as loss of business interest for failing to make subsequent capital contributions or the requirement that your business partners who leave your business to go work for Google get whipsawed in the buyout, only getting book value, those provisions will be enforced as written. Those are examples of provisions you can put into your Operating Agreement that will be honored by a business court in Delaware. Small startups should generally avoid the corporation because that form of business is much more complicated to operate properly, plus most do not have built-in shareholder agreements. You are also well-advised to establish Assignment of Intellectual Property Agreements with your business partners and Non Disclosure Agreements to help keep company trade secrets and ideas owned by the company. You should consider the alternatives and choose to form a Delaware LLC. Even if you have not formed your LLC in Delaware, at a later date it can be converted to Delaware to take advantage of the Delaware LLC Act.
10 Best Tech Startups in Seattle – The Tech Tribune
The Tech Tribune staff has compiled the very best tech startups in Seattle, Washington. DocuSign is a San Francisco- and Seattle-based company that provides electronic signature technology and digital transaction management services for facilitating electronic exchanges of contracts and signed documents. Inc. is a privately held company with headquarters in Seattle, WA. Avalara helps businesses of all sizes achieve compliance with transactional taxes, including VAT, sales tax, excise tax, communications tax, and other tax types. Chef is used to streamline the task of configuring and maintaining a company’s servers, and can integrate with cloud-based platforms such as Internap, Amazon EC2, Google Cloud Platform, OpenStack, SoftLayer, Microsoft Azure and Rackspace to automatically provision and configure new machines. SOURCE. Puppet is a privately-held information technology automation software company based in Portland, Oregon. SOURCE. Act-On Software is a software-as-a-service product for marketing automation developed by Act-On, a company headquartered in Portland, Oregon. The company was founded in 2008, retailing its software exclusively through Cisco, which provided $2 million in funding. SOURCE. TUNE is a leading mobile marketing measurement company, originally founded in 2009. SOURCE. Moz is a software as a service company based in Seattle, Washington, U.S., that sells inbound marketing and marketing analytics software subscriptions. The company hosts a website that includes an online community of more than one million globally based digital marketers and marketing related tools.
How to build a startup without tech cofounder
Don’t let a missing tech cofounder endanger your endeavor! You’re not supposed to be expert in all parts of building your business but you should know your options and have the courage to get help from others. We’ll discuss the different options in the following to take away the fear of the technical knowhow and make you fulfill your startup dream without being a tech cofounder. The only thing you’ll have to do is evaluate which option suits you best and boost your startup off the ground. Option 1: Find a CTO. The most obvious and probably most difficult option is finding a suitable CTO. Suitable in terms of finding the best fit which matches you and your vision, in your needed skillset and on a personal level. These platforms connect entrepreneurs with each other and with a little bit of luck you could find your CTO. Startup Meetups and exhibitions are also good platforms to increase your network and build up important relationships with people having a deeper technical background. The fastest, cheapest but probably riskiest option is to outsource directly. Outsourcing allows you as a non-techie to launch your startup at minimal costs. Option 3: Get a development partner instead of a tech cofounder. In general, a development partner can be seen as a software agency which provides its service as a long-term partnership that replaces the effort of finding a tech cofounder and takes care of your App and Web solution. Already discussed in a previous blog post, a good solution for non-techies is to test the most suitable option by starting your business with a MVP to do a proof of concept.
The 21 coolest tech startups in Israel
Multinational tech companies like Google, Apple, Facebook, and Microsoft all have research centres in Israel but some of the local companies are arguably more interesting, with investors keen to get behind many them. The company has raised more than $15 million from a network of investors that includes venture capital firm Horizons Ventures, which invests money on behalf of Hong Kong business magnate Li Ka-shing, who has an estimated net worth of $27.1 billion. The company has raised $218 million from investors like General Catalyst who have backed companies like Snapchat, Airbnb, and Stripe. The company’s platform boasts 90 million users in 190 countries, according to the Wix website. The company’s revenues came in at $205 million in 2015. The company, founded in 2012 by Daniel Ramot and Oren Shoval, has raised over $100 million from the likes of Russian oligarch Roman Abramovich, Hearst Ventures, and Israeli venture fund 83North. The company raised a $28.5 million funding round in June and it currently has around 100 employees. It was the first Israeli consumer-app company to be bought for over $1 billion and helped to set the tone for building large tech companies in Israel. Founded in 2007 by Ehud Shabtai, Amir Shinar, Uri Levine, the company’s platform allows millions of drivers to share real-time traffic and road info that can save others time and gas money on their daily commute. The company plans to double the size of its R&D team in Israel this year from around 100 to more than 200 by the end of 2016.