Vig & Juice Ep.2: First U.S. Sports Betting
April 3, 2019 | By Vela Wood
In this episode, we discuss the first sports betting in the U.S. up to the Wire Act of 1961, including horse racing, the spectator sport known as pedestrianism, and using state lotteries to fund the Revolutionary War. Read More
Vig & Juice Ep.1: Three Elements of Gambling
March 25, 2019 | By Vela Wood
In this episode, we explain the meaning of Vig & Juice, discuss gambling’s roots in Greek mythology, and lay out the three elements that define gambling. Read More
Wyoming: Move Over, Delaware!
March 6, 2019 | By Lacey Shrum
Wyoming’s 2019 legislative session just wrapped up, and as of close the state has signed 13 blockchain-friendly laws into effect. These laws are a strong play to attract blockchain businesses and development to the state of Wyoming. Read More
What Is A Smart Contract?
February 28, 2019 | By Lacey Shrum
A smart contract is simply a piece of code that is executed on the blockchain network. It may or may not be a legal contract. As most code does, it runs off an “if/then” statement. Blockchain allows this code to run on a distributed system, across thousands of computers participating in the network, thus in a completely autonomous, tamper-resistant way. Read More
Bitcoin’s Solution To The Double Spend Problem
February 18, 2019 | By Lacey Shrum
Until blockchain technology, an electronic currency was a dream beyond reality because no system could prevent a holder from spending her coin twice. Read More
Keep Your Investors Updated (Part II)
February 11, 2019 | By Kevin Vela
A few years ago I wrote a blog about how important it is to keep your investors updated. That is as true today as it was then, but I want to highlight another benefit that I neglected to point out then: … Read More
The Hidden Cost Of Accelerators
December 6, 2018 | By Kevin Vela
Accelerators are popping up all over the place. And I’m not sure that this is a good thing. Typically, an accelerator provides a little cash for a little equity, and some guidance or advisory services for a little more equity. Some … Read More
Believe In The Value Of Your Product
December 6, 2018 | By Kevin Vela
I ran into a client this morning who told me about a difficult negotiation he’s currently having with a critical customer. The customer represents a significant portion of his startup’s revenues, but servicing the contract is so cumbersome that it … Read More
Beware Of Your First Investor
November 20, 2018 | By Kevin Vela
We’re well aware of how critical it is for a startup to raise capital. I’ve yet to see a startup that can generate revenues without raising capital. This is the same for just about all small businesses besides service businesses. … Read More
Restricted Equity v. Options & 83(b) Elections
November 7, 2018 | By Nic O'Brien
Recently formed companies often issue restricted equity to stakeholders, but once the companies close a funding round or achieve significant revenue, restricted equity is inappropriate. Instead, the company needs an option plan and to issue options. This blog will answer, … Read More
Incentive Stock Options v. Non-Qualified Stock Options
November 7, 2018 | By Nic O'Brien
For cash-starved startups, compensating employees with options can be a great way for founders to motivate the employees to increase the company’s worth, and to remain with the company. However, the differing vehicles to issue options can be confusing. Often, … Read More
Bringing Startup Culture To Law In Brazil
October 29, 2018 | By Vela Wood
For the second year in a row, our firm participated in the Young Leaders of the Americas Initiative (YLAI) Professional Fellow Program. YLAI seeks to empower entrepreneurs from Latin America and the Caribbean to launch and advance their entrepreneurial ideas in order to contribute to … Read More
