| Business Modeling | Entity Formation | Capitalization | Operational Relationships | Managing Risks |
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What is Disneyland
This national company's value proposition is: "The Happiest Place on Earth"
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What are LLCs, Partnerships, and S Corporations
Entities that can have "pass-through" taxation
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What is Kickstarter
A way to do pre-sales of products or goods, in order to raise capital
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What are (any three of the 17-point checklist, e.g., getting an EIN and state Employment Dept ID, obtaining I-9s, withholding wages for FICA, etc.
Three requirements that employers have to meet when they have employees
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What is when it is fixed in a tangible form or medium
When Copyright protection attaches to a written work
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What is "Channels"
A Business Model Canvas cell that describes how the customer relationships will be created or maintained
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What are Contributions, Distributions, and Management (or Decisionmaking)
The three key terms that LLC founders need to agree upon at the start
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What is because before securities were regulated back in the 1920s a lot of scam companies would try to sell stock and make exaggerated claims, offering to sell "a piece of the blue sky"
Why securities regulations are sometimes called the "blue sky" laws
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What are "interns"
For-profit businesses can use these kinds of unpaid workers, under very limited circumstances
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What is that Trademark is designed to avoid consumer confusion between products (none here)
The existence of Dove soap and Dove ice cream bars demonstrates this principle of Trademark law
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What is NINE
The number of different components in a Business Model Canvas
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What are any two of: business-savvy courts, investors like DE because of legal predictability, filings are fast, laws are generally forgiving of leadership mistakes
Two reasons that entrepreneurs choose to incorporate in Delaware
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What is $1 million (w/o value of personal residence), or $200K/year salary (if single) or $300K salary (if couple)
The personal value that an Investor must have to be recognized as "Accredited" for compliance with securities laws
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What is Employee
The presumed status of all workers in California, unless there's an affirmative opt-out
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What is Patent Law
Of all the types of IP protection, this body of law actually REQUIRES full public disclosure about an invention before it can be protected
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What is "the most important use of the Canvas is for INTERNAL planning." (Bonus: might mention that when you go for investors you'll use a written Business Plan, an iteration of a BMC addressed to a particular audience)
What you say when your entrepreneur client says: "I don't need to do anything about Business Modeling -- I won't be going for investors this year."
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What are any 3 of lack of formalities, commingling of funds, incomplete filings, violation of fiduciary duties, intentional acts, personal guarantees, criminal wrongdoing
Three reasons that a corporate liability shield might be pierced
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What is Friends and Family, Equity, and Debt; You always have to pay back Debt
Three common sources of capital for a new company, and the one you always HAVE to pay back if you close
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What are an IP assignment, and a liability waiver (or indemnification)
Two important terms to include in an independent contractor agreement to manage risks
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What are (any 3): using NDAs, keeping the info on a password-protected computer or in a locked cabinet, sharing with employees only on a "need to know" basis
Three ways to show you've taken reasonable steps to protect IP under Trade Secret law
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What is the "Resources" section (Note: unless part of Value Prop is MAKING IP, in which case it could go in "Activities")
This is where Intellectual Property usually goes in the Business Model Canvas
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What is a "Social Purpose Corporation" or "B-Corporation"
If a founder has a social mission, she might want to form this kind of entity to let investors know her company has "a second bottom line"
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What is "Value"
Using a convertible note makes it possible to raise capital before anyone can figure out what the company's ______ is.
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What is using a PAYROLL service
How smart entrepreneurs keep track of all their employer requirements -- AND get a business deduction
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What is the FAIR USE defense
You will only know if this defense to copyright infringement will work AFTER someone sues you
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What is CALGOLD.CA.GOV
The California state website where you can find all the permits and licenses needed for your business's activities
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