The Foundry Law Blog

Hey, Foundry: Authorized Shares & Ownership

Email from a recently formed two founders start up: “Hey, Foundry, when you formed our corporation, I thought we had 10 million authorized shares. Why do we only have 4 million shares each and not 5 million if we are 50-50 owners?” At Foundry, we frequently receive questions like this. To start, it is standard […]

Social Purpose Corporations: Beyond the Profits

Social Purpose Corporations (SPC) are an interesting and (relatively) new corporate form available in Washington State that gives directors and officers the luxury of exploring ways to positively impact their employees, community, and environment, with less fear of repercussions via legal action from angry shareholders.  If you are starting a company that has one of […]

Kickstarter Karma: Backers Fight Back

For many budding entrepreneurs, Kickstarter.com can be their answer to beginning their businesses…or a nightmare of angry “backers,” broken promises and refund demands.   Kickstarter provides a crowdsourcing platform for potential businesses and creative projects to gain not only funding, but also customers – before products or services are even launched to the public. According […]

An Angel Investor Reflects on a Pool of Seattle’s Startup Talent

Something momentous happened in my life at Seattle Angel Conference VI (SAC). On November 12th, 2014, together with a community of supportive investors, I officially became an angel investor. But I am a lawyer and this is our firm’s blog, so why do I want to write here about my exhilarating experience of becoming an […]