Sam Bankman-Fried was sentenced to 25 years in prison by a judge in April for stealing $8 billion from customers of FTX . If he can't be a good example, he can at least be a horrible warning. Here is my take on what startup founders can learn from this case.

Roger Royse is a partner in the Palo Alto office of Haynes and Boone, LLP and practices in the areas of corporate and securities law, domestic and international tax, mergers and acquisitions, and fund formation. He works with companies ranging from newly formed tech startups to publicly traded multinationals in a variety of industries. https://www.haynesboone.com/people/r/royse-roger https://rogerroyse.com/ I am atroger.royse@haynesboone.com. HBhttps://www.haynesboone.com/people/royse-roger subscribe to my substackhttps://substack.com/@rogerroyse?utm_source=profile-page You can find me onLinkedIn at https://www.linkedin.com/in/rogerroyse/ https://linktr.ee/rogerroyse You can seeinformation on our emerging growth practice on our website at:https://www.haynesboone.com/experience/practices/emerging-companies-and-venture-capitalPlease see my resource page at: https://totalstartupsolution.com/ and follow meon twitter at https://twitter.com/rroyse00 Subscribe to our YouTube channel athttps://www.youtube.com/user/RoyseLaw My Intro Video https://youtu.be/6McHpANsMZg Podcast athttps://podcasts.apple.com/us/podcast/10000-startups-podcast/id1682776039 See my new book:10,000 Startups at https://store.bookbaby.com/book/10000-startups https://www.amazon.com/10-000-Startups-Strategies-Startup-ebook/dp/B09S14JQ9K/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=1645143120&sr=8-4

Mr. Albert's practice focuses on patent prosecution (obtaining patents for clients), patent portfolio advice, advising clients on the intersection of industry standards and patent portfolio building, and legal issues related to open source software. He is a licensed patent attorney and a member of the California Bar.Specialties: patents, trade secrets, technology licensing, electronics, software, high tech, open source software, industry standards bodies, patent pooling, defense against patent trolls and patent chameleons, intellectual property, IP audits, IP due diligence as part of corporate transactions/mergers.

Bob Dunn (bd@gfdata.com)  is managing director for GF Data, leading all aspects of the business for its new owner, the Association for Corporate Growth (ACG). Prior to joining GF Data and ACG, he served as Chief Development Officer and General Manager of Portfolio Management Research for With Intelligence (FKA Pageant Media). Prior to that he ran Hedge Fund Intelligence and Institutional Investor Intelligence for Euromoney Institutional Investor. Prior to that he ran Dow Jones Private Markets for Dow Jones & Co. with oversight of product management.Bob has experience in both corporate and start-up environments, and an in-depth knowledge of private and public markets, including asset management, corporate finance, private equity, venture capital and hedge fund industries. Bob began his career as a journalist covering private equity. He received his BA from Bowdoin College, and his MS in journalism from the Newhouse School at Syracuse University.

What are trade secrets and how can we protect them? Should you rely on patent or trade secrets? Or both? How can we protect AI? This week's podcast takes a deeper dive into the law of trade secret and how and why to protect them.

Soyeun Choi and Roger Royse discuss choice of entity issues

Episode description not available.

This episode summarizes the QSBS tax rules with respect to stock in a startuphttps://www.slideshare.net/slideshows/qsbs-for-startups-investors-and-founders/266344559

In March 2024, a District Court in Alabama ruled that the CTA is unconstitutional. I discuss what that means to you.

Marvin Glazer has been a registered patent attorney in private practice since 1979. Before passing the Arizona Bar, he worked as an integrated circuit engineer and patent agent for Motorola. In addition to preparing and prosecuting U.S. and foreign patent and trademark applications, he has extensive experience litigating patent, trademark and copyright cases in federal district court and in the appellate courts. While his technical education focused upon electronics, computer software and hardware, he has extensive experience working on patent and trademark matters ranging from electronics to archery, from medical devices to motorcycles, and from weather stations to pet toys.

The Corporate Transparency Act (the “CTA” ), which addresses anonymous shell companies and money laundering activities, became effective January 1, 2024.  The CTA establishes reporting obligations that will require a range of entities to file identifying information about themselves, their beneficial owners (including senior officers and other decisionmakers), as well as people involved in creating or registering the entities with FinCEN (a “BOI Report”).

Attention Startup Founders! Don't miss our event on January 22, 2024, 6:00-7:00 PM PST, featuring Roger Royseand other experts. Gain insights on term sheets, valuation, pitching, due diligence, funding options, equity/debt balance, and negotiation. Enhance your startup growth and funding strategies. Join us for networking, knowledge sharing, and connect with our community. Visit our LinkedIn page ProVentures™for updates and speaker opportunities. Share with others in the startup ecosystem!

Dina Blikshteyn is a partner in the intellectual property practice group in the New York office of Haynes Boone. Dina’s practice focuses on post grant proceedings before the US Patent and Trademark Office, AI counseling, and preparing and prosecuting domestic and international patent applications.Dina is a co-chair of the artificial intelligence practice at Haynes Boone, and regularly speaks and writes on various AI topics.Dina's patent practice focuses on technology areas. She regularly counsels clients on artificial intelligence and machine learning, cloud computing, cybersecurity, web applications, map and navigation applications, point-of-sale systems, computer graphics, data structures, algorithms, distributed systems, client-server applications, CPU/GPU processor design, operating systems, mobile technologies, databases, database optimization, multimedia and video streaming, financial trading products, banking software, computerized auction software, healthcare systems, internet systems, advertising software, wireless communication systems and applications, telecommunications systems, marketing applications, industrial control systems (ICS), cable systems, and smart grid and micro-grid technologies.Prior to becoming a lawyer, Dina developed high-frequency trading systems that traded financial instruments on domestic and international exchanges

Francie Johnston's practice focuses on technology start-up companies and includes initial company formation, both company and investor-side representation in private equity financings, securities compliance, general corporate governance matters, commercial contracts, technology licensing, mergers and acquisitions and other strategic transactions. Before joining Haynes and Boone, Francie worked as a lawyer with the Royse Law Firm and other law firms. Prior to law school, Francie worked with a number of fine arts organizations (the Corcoran Gallery of Art in Washington, D.C., the Santa Barbara Museum of Art, and Sotheby’s auction house in New York) and entertainment companies (CBS Television and Walt Disney Studios in southern California).

This week we discuss the legal issues that startups and their founders need to know and the common legal pitfalls that affect startup companies. Unlike more mature companies, startups typically do not have large legal budgets and in house legal counsel focused on legal compliance. Nevertheless, startups must be aware of and comply with law, especially with respect to the issues that are unique to startups.The presentation will cover those unique issues as well as the sometimes surprising and every evolving California rules. In particular, we summarize:Corporate formation and choice of entity and law;Securities laws;Labor and employment and why virtually evert startup in California is probably out of compliance and what you can do about it;Intellectual property strategies using patent, trademark and trade secret;Protecting your business through agreements;Protecting the founders from personal liability;And more.The speaker draws on more than 30 years of startup experience in describing how to manage legal risk on a startup budget.

Gavin George’s practice encompasses privacy, data processing, technology transactions, and intellectual property in the information age. He counsels clients on international, federal, and state-level privacy compliance and transactional issues, including those related to the California Consumer Privacy Act (CCPA) and the EU General Data Protection Regulation (GDPR). A designated Certified Information Privacy Professional (CIPP/US) since 2014, he was recognized as a 2020 “Stand-out Lawyer” by Acritas Stars (Acritas).Companies rely on Gavin to launch and guide their privacy compliance programs, including drafting privacy policies, creating data processing agreements, implementing personal information processing consents, handling data subject access requests, and consulting on data breach preparedness and response. https://www.haynesboone.com/people/george-gavin

Olga V. Mack talks about artificial intelligence. Digital Transformation Executive | Above the Law + ACC Docket Legal Tech & Future of Law Columnist | 3x TEDx Speaker | Berkeley Law Lecturer | Notes to My (Legal) Self Podcast Host. https://www.linkedin.com/in/olgamack/

Ian Peck handles complex Chapter 11 bankruptcy cases, out-of-court workouts, and distressed mergers and acquisitions transactions across range of industries. Ian understands that debt restructuring or bankruptcy can often be the most stressful and critical event in a client’s history and he brings a sense of calm determination to each restructuring engagement.Ian’s experience involves leading roles in numerous high-profile restructurings, including serving as lead counsel for a bankrupt bank holding company facing claims of over $2 billion and representing one of the world’s largest generators and marketers of electricity in its successful Chapter 11 reorganization. Recently, Ian led the successful Chapter 11 reorganization of a nationwide retailer, which resulted in payment of creditors in full and reinstatement of equity, despite the extreme challenges imposed by COVID-19.Ian has extensive experience in middle-market cases, including representing a manufacturer and operator of helicopters in their successful restructuring as well as guiding the largest retail liquor chain in Texas and a 400-store furniture retailer through the Chapter 11 process. Outside of the courtroom, Ian has helped several companies renegotiate their financial and contractual obligations to avoid contentious litigation or lengthy reorganization proceedings.One of Ian’s core strengths is his ability to listen to his clients and develop and execute strategies that place them in the best position to accomplish their financial and operational goals. These skills are particularly applicable to representations of private equity firms or their distressed portfolio companies. Many healthy corporations rely on Ian’s business sense and advice on transactions and litigation with financial troubled counterparties.Ian frequently speaks throughout the country on bankruptcy topics, including various Chapter 11 plan issues and retail bankruptcies. Ian is also a prolific author, having published scholarly articles throughout his career and having served as a contributing author to the Bloomberg Law: Bankruptcy Treatise, the first comprehensive bankruptcy treatise published in the last 40 years.Ian is an active member of numerous industry associations and serves the community through his pro bono work, including obtaining asylum in the United States for a client who was violently persecuted in her native country.You can see past episodes at Apple https://podcasts.apple.com/us/podcast/10-000-startups/id1705589818Spotify https://open.spotify.com/show/3sVitQ3S211Xg6BfjyYtvvAmazon https://music.amazon.com/podcasts/4b6381b4-5fa4-40b3-9670-87214cc0b2a4/10-000-startups-legal-strategies-for-startup-successGoogle https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8yMjQyMzY0LnJzcwBuzzSprout https://feeds.buzzsprout.com/2242364.rssI also post video to YouTube at https://www.youtube.com/@RoyseLaw

Jeff Faust, CVA, is the Principal of Valuation Services at ASL. He has over 25 years of experience in the valuation of privately held companies for various purposes including stock option grants (IRC § 409A), Employee Stock Ownership Plans (ESOPs), estate/gift, fundraising, mergers/acquisitions, and more. He has provided valuation expertise to owners/shareholders, trustees, management teams, investors, and start-ups of all sizes and stages of development and in a wide variety of industries including high-tech (Software, Hardware, SaaS, Mobile, Telecom, Social Media, Cloud, AI, Big Data, etc.), manufacturing, construction, engineering, retail, bio-tech, pharma, agriculture and many more. Clients range from long-established companies and highly entrepreneurial ventures to families and individuals. He has also lectured around the world on business valuation theory.You can see past episodes at Apple https://podcasts.apple.com/us/podcast/10-000-startups/id1705589818Spotify https://open.spotify.com/show/3sVitQ3S211Xg6BfjyYtvvAmazon https://music.amazon.com/podcasts/4b6381b4-5fa4-40b3-9670-87214cc0b2a4/10-000-startups-legal-strategies-for-startup-successGoogle https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8yMjQyMzY0LnJzcwBuzzSprout https://feeds.buzzsprout.com/2242364.rssI also post video to YouTube at https://www.youtube.com/@RoyseLaw.

Dr. Jiaping (Charlene) Liu is an intellectual property lawyer with an extensive knowledge of patents and a focus on patent prosecution and assertion matters. Charlene performs client counseling, portfolio development and management in various technological fields, and in particular focusing on AI and deep learning, medical devices, semiconductors, integrated circuits, financial service, and network security. Charlene also frequently counsels clients on assertions and licensing disputes, such as in the realm of standard essential patents.Before her legal career, she obtained her Ph.D. in electrical engineering from Princeton University, and was a Gordon Wu fellowship recipient. Her doctoral work focused on stochastic modeling of data networks, and she worked on wireless transmission protocols for ad hoc networks at Bell Labs during graduate school.