I’m happy to finally be able to announce something that I have been working pretty hard at … Cooley GO.BrdYZcYCAAAq77s  This is a fantastic resource for entrepreneurs to gain knowledge, generate lots of important legal documents and find out about start-up related events.  I’ll be focusing my blogging efforts over there for a while.

Below is the text of the press release.

 

  • Comprehensive microsite delivering legal and business know-how
  • Modern, mobile-friendly design
  • High-level content for entrepreneurs

Visit cooleygo.com and join the conversations at @cooleyllp and #cooleygo

San Francisco – July 1, 2014 – Cooley LLP today launches Cooley GO, a new resource center for entrepreneurs with businesses at all stages of the growth cycle. Cooley GO is a mobile-friendly microsite that provides a wide range of free legal and business content covering formation, financing, building a team, working with directors and advisors, intellectual property, M&A, IPOs and more. The site will be updated regularly with new topics, content and features.

“We work with the innovation community 24/7 and we’ve listened,” said Craig Jacoby, chair of Cooley’s emerging companies group. “In Cooley GO, we have developed a platform to assist startups through all stages of growth. Cooley GO is designed to help entrepreneurs fulfill their goals with a toolkit that is easy to navigate and use. The site contains a wealth of substantive content reflecting Cooley’s broad expertise and deep experience in handling the full spectrum of issues entrepreneurs face.”

Cooley GO provides entrepreneurs with tips, guides, document generation tools, event information, client insight and success stories. Cooley GO Docs is the first legal resource of its kind built using the latest version of ContractExpress from Business Integrity, for entrepreneurs on the go. It equips entrepreneurs with many of the legal documents necessary to start and manage a business, in a simple and easily accessible format.

“Entrepreneurs are busy growing their businesses,” said Palo Alto-based Cooley partner Matthew Bartus. “Cooley GO eliminates the distraction and time sink associated with tracking down information and documents by providing advice, examples and personalized document generators all in one place. By utilizing Cooley GO, entrepreneurs are exposed to the entire company life cycle. From the outset, they can learn what they need to know to get their company off on the right foot, and, as their business matures, they can learn about the process of making acquisitions, being acquired or going public.”

Cooley GO provides entrepreneurs with the ability to:

  • Generate core legal documents, including a full incorporation package, convertible note term sheet, privacy policy, terms of use and more, from either desktop or mobile devices
  • Read substantive posts addressing issues arising at different growth stages
  • View and contribute to startup-related events calendar
  • View Cooley’s latest reports on venture capital financing trends
  • Visit inspirational profiles of Cooley emerging company clients

“With Cooley GO we are giving entrepreneurs access to the highest quality resources, which tap into the deep knowledge base and experience of attorneys throughout the firm,” said Peter Werner, a partner in Cooley’s San Francisco office. “The combination of practical business advice, market information and legal guidance on a variety of critical legal and business topics will enhance our ability to efficiently deliver premier service to our clients.”

Cooley GO

Cooley GO is managed by Cooley’s world-leading emerging companies group, which combines the strength, depth and expertise of some 200 attorneys across the United States and in China. Cooley represents more than 5,000 private companies, many of which are high-growth technology companies that range in size from startups to the largest and most sophisticated in the world.

Cooley has a dominant market share in the representation of today’s startups that will be tomorrow’s giants. The firm currently advises 20% of the Silicon Alley Insider Digital 100 companies, an annual ranking of the world’s most valuable private digital startups, and 20% of the US companies on the Wall Street Journal and Dow Jones VentureSource‘s 2014 “Billion Dollar Startup Club” list. Cooley is deeply connected to the key startup communities across the country, and its lawyers represent companies and investors in hundreds of venture capital financings each quarter.

In addition, Cooley was the number-one law firm for IPOs overall across all industries in the United States in Q1 2014, according to IPO Vital Signs; Cooley also ranked first in handling technology and life sciences IPOs. This followed a record year for Cooley’s capital markets practice in 2013.

About Cooley

Cooley’s attorneys solve legal issues for entrepreneurs, investors, financial institutions and established companies. Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and bet-the-company litigation, often where innovation meets the law.

Cooley has more than 750 lawyers across 11 offices in the United States and China.

This is a really important topic for startups about the risks of having unpaid interns and internships, so I have pasted below the full text of a recent Cooley LLP legal alert.

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A recent case in the U.S. District Court for the Southern District of New York, Glatt v. Fox Searchlight Pictures, Inc.,highlights how difficult it is for a for-profit business to create lawful unpaid internships. The court held that unpaid interns on the “Black Swan” movie set did not fall under the narrow “trainee” exception to the FLSA’s minimum wage and overtime requirements, despite the fact that they received academic credit for their internship. Continue Reading…

I often have a discussion that goes like this:

New employee:  “I want Founder Stock”

Me:  “I see, you want to buy Common Stock”

New employee:  “No, I want Founder Stock, just like the founders received.”

Me:  “There is no such thing as Founder Stock, you are talking about Common Stock.”

New employee: “I’m confused.”

Just to clear up the confusion, legally speaking, there is no such thing that is commonly known as “Founder Stock.”   Continue Reading…