Assaf Ben-DavidMentor, Entrepreneur, Lawyer, Public Speaker
Bio

Experienced Startup Mentor, Commercial lawyer, Lecturer & public speaker. I've helped over 300 entrepreneurs & 100+ startups. Taught tens of courses and given hundreds of talks. Founder of the Legal Clinic for Startups.



Recent Answers


It really depends under which legal jurisdiction you are. The tax laws are very different in each country.
Very generally speaking, every income needs to be accounted for, but what you could do is transfer the money to your corporate account and register it as a founder's loan to the company (which may or may not be paid back to you in the future). You just need to take into account that you still may need to report the source of the income (even if you didn't have a company then) and pay taxes for it (if applicable in your case - again, it depends where you located, how you're registered with the tax authorities, and what the amount is).
* Disclaimer: the above should not be seen as legal or tax advice as this is impossible to give without knowing all the details. You should always consult with an accountant or lawyer. I can try connect you with one if you let me know your location and budget.
Good luck

I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


Hi,
If you mean for someone to check - then I'm happy to help you with this. I've helped hundreds of entrepreneurs prepare their pitch and pitch deck.
If you mean investors - then you have 2 options:
1. You can search for all the available investors online, and send your deck to the relevant ones.
2. I can help you select and send to them. The value here is that I can provide you with a list of hundreds of VCs, help you select the relevant ones, and with the sending of the peck.
Either way, I advise that you don't just send the deck and hope for the best. The process needs to be methodical. You should create an excel file and track who you sent to, when and if you got a response. You should also preferably send the deck only to VCs/investors that invest in that type of product/service, and tailor your email/message to each VC after reading up about them. Nothing says 'amateur' like just sending off your deck.
Good luck
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


Hi
The best way would be to have the creator/artist sign a waiver and transfer of rights. This is an agreement between you and them (it's about 1.5 - 3 pages long) in which they clearly state that they are transferring all the rights to you and waiving any future claims.
I advise having a lawyer draft this for you* (yes, I also draft these documents), or if you don't have any money, I am sure you can find some free or cheap templates online from one of the website that provide legal documents.
* the reason I advise using a lawyer/attorney is because this type of document isn't too expensive, and you need it to be tailored to your specific needs.

Good luck
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


Hi
It really depends on the type of startup, but very generally speaking, you would need:
1. A One Pager and/or Pitch Deck (presentation).
2. To perfect your pitching skills (online).
3. An MVP (Minimal Viable Product) or at least a POC (proof of concept) to show some data/numbers.
As for actual funding channels, you have:
1. Friends and Family.
2. Crowd funding.
3. Angel investors.
4. VC firms.
5. Bootstrapping (funding yourself) - probably less relevant in this case.
6. Government grants (some countries, like Europe)
Good luck
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


Hi
You can offer them:
1. equity (options/shares).
2. % of future profits.
3. Find someone who doesn't have much experience and is looking to expand their portfolio.
4. Make them a co-founder?
Obviously, designers in 'developing countries are cheaper.
Good luck


Hi,
I'm happy to try and assist.
Send me more details about the type of help you're looking for, about the app, the target market + the current status of the app/business, and I'll be happy to try and help. If I can give you some free advice by email I'll be happy to do so. If you'll need more help we can schedule a call.
As for tool, here's a whole bunch of tools and resources from Steve Blank (the man behind the Lean Strategy): https://steveblank.com/tools-and-blogs-for-entrepreneurs/
Best of luck


Hi,
Yes, this is something that is fairly common.
Calculation: in order to calculate the % you should give, you need to understand how much is due to the designer for all their work, and how much your projected profits will be in the first 6 months/year. Then, you offer a % which should give the designer a little bit more than the value of their work during that 6 or 12 month period.
It is important that you define in the agreement/email, what the amount is - meaning that when the designer gets that amount, you stop giving them a % of profits.
I would also add a section in the agreement that states that should you decide to do so, you can pay them off the entire amount and stop making the monthly payments.
Lastly, make sure it is clear that they are only getting a % of the profits (not the income) and that they don't have any voting/decision rights.
Good luck
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


Hi,
I am not sure what country your located in, but many of the western countries offer grants for startups who have something innovative. You do not have to return the grant in many cases, and they don't take equity, but there are some limitations: for example you can only use the money to pay for services from people in your country and you can't use it to pay your own salary (but each grant differs).
You should search for grants in your own country, or take on a co-founder in a country that offers such grants (if relevant).
You're welcome to let me know which country you're located in and provide a few more details and then I can see if I can help further.
Good luck
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david



Enjoy:
1. Zero to One. by Peter Thiel with Blake Masters
2. The Lean Startup. by Eric Ries
3. The Startup Owner's Manual. by Steve Blank, Bob Village
4. Founders at Work - Jessica Livingston
5. Crossing the Chasm - Geoffrey A. Moore
6. Screw it, Let’s do it - Richard Branson (I strongly suggest that you read his autobiography)
7. Never Too Late to Startup - Rob Kornblum

I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


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