If I Were Starting A Business…
By Kevin Vela
There has never been a better time to start a business. The power of the internet coupled with plummeting startup costs (and if you’re in the US – advantageous tax regulations) creates the perfect backdrop for anyone looking to start their own business.
As a corporate lawyer who works primarily with startups and small businesses (I’ll define these as <$20M a year in revenue), I’ve learned quite a bit over the past 10 years.
In that time, Vela Wood has organized a few thousand businesses, facilitated several hundred venture financings and M&A transactions, and had tens of thousands of conversations with founders about every thing from choice of entity to selling the business, and anything in between.
There are so many similarities between a small business and a startup that my counsel is oftentimes the same for similar problems. So as I’ve been thinking about this series, I’ve been torn between using examples for just a startup, or just a small business. But I think it would be best if I could do both.
So what I’m committing to is at least 25 blogs in this series, probably more, on how I would start a business. Sometimes the commentary will diverge between startups and small businesses, sometimes it will be identical. But I hope that all will be valuable.
I’ll pull from other VW resources, like past blogs, charts, and our Venture Glossary, and I’ll definitely work to incorporate your feedback. So please feel free to post below, or email email@example.com.
Next, I will lay the groundwork for how I’m differentiating between the two. And then we’ll get started.