The Two-Degrees Doctrine

6 thoughts on “The Two-Degrees Doctrine”

  1. Agreed! This is a very subtle point that is rarely discussed, but often occurs. On my 1st venture, I retained my lead investor’s attorney, & 6 years later, it really came back to haunt me when I was pushed out of the company. Founders need to be bold & position the use of indie counsel as a mature way to avoid conflict of interest. Great article and advice!}

  2. Agreed! This is a very subtle point that is rarely discussed, but often occurs. On my 1st venture, I retained my lead investor’s attorney, & 6 years later, it really came back to haunt me when I was pushed out of the company. Founders need to be bold & position the use of indie counsel as a mature way to avoid conflict of interest. Great article and advice!}

  3. Agreed! This is a very subtle point that is rarely discussed, but often occurs. On my 1st venture, I retained my lead investor’s attorney, & 6 years later, it really came back to haunt me when I was pushed out of the company. Founders need to be bold & position the use of indie counsel as a mature way to avoid conflict of interest. Great article and advice!}

  4. Agreed! This is a very subtle point that is rarely discussed, but often occurs. On my 1st venture, I retained my lead investor’s attorney, & 6 years later, it really came back to haunt me when I was pushed out of the company. Founders need to be bold & position the use of indie counsel as a mature way to avoid conflict of interest. Great article and advice!}

  5. Like it or not, business is personal.

    Whenever possible, I try to find advisors with whom I have a meaningful personal connection of some sort. For instance, our corporate counsel is a fellow parent at my kid’s school who I see all the time. While I don’t expect special favors per se, I do hope it helps make the difference to take my call on a busy day. And it can’t help but offset the long-term commercial bonds he has with investors, big companies or institutions we may be dealing with.}

  6. Mable – this is very useful advice. As a bootstrapped start-up we don’t yet require VC input. I shall ensure that we we do, we source them directly or from one of my existing contacts.

    There is a natural inclination to use your lawyer, which I shall avoid.}

This site uses Akismet to reduce spam. Learn how your comment data is processed.