Guide to laying the legal foundations of a successful startup company by startup lawyer Antone Johnson, Founding Principal of Bottom Line Law Group
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As a completely made-up statistic, assume that 0.01% of users are sociopaths or predators who cause serious damage to the community and its other members. With 10,000 users, that’s one guy. With a million, it’s a hundred people. With 100 million registered users — the scale at MySpace when I left — it’s ten thousand. That kind of math illustrates why every major consumer Internet company has an abuse team that serves as the first line of defense against all kinds of ugliness.
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Social media is real-time, spontaneous and casual, making it easy for people to think that “anything goes” online, says Antone Johnson, founding principal of Bottom Line Law Group, a San Francisco-based firm. Johnson has worked as an attorney at MySpace and eHarmony. He says many laws that apply to businesses offline also apply online.
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Following is the new, improved, Top 15 List of free online resources addressing key recurring themes and questions that founders raise in our initial meetings: Assembling a founding team, choosing and forming a legal entity, deciding on how to compensate co-founders and employees, gauging market conditions for VC and angel funding, deciphering legal jargon and documents used in VC and angel financing rounds, identifying and retaining the best professional advisors, and so forth.
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Bottom Line Law Group is proud to sponsor TEDx SoMa, “Interactivity and the Digital Future,” taking place Friday, May 21 from 1-4 pm PST at pariSoma Innovation Loft in San Francisco.
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