I've Seen It All
As Raviga's legal counsel, I've watched startups lose millions to avoidable mistakes.
Mistake 1: No Founder Agreement
Verbal agreements don't hold up. Get vesting in writing.
Mistake 2: Poor IP Assignment
If contractors build your product and you don't have proper IP assignment, they own it. Not you.
Mistake 3: Ignoring Employment Law
Misclassifying employees as contractors. Not having proper equity docs. These are lawsuits waiting to happen.
Mistake 4: Bad Terms
Signing investor terms you don't understand. Get a lawyer who knows startups.
The Fix
Spend $10k on proper legal setup. Save $10M in lawsuits later.
I'm forwarding this to our lawyers immediately. We may have made several of these mistakes.