Five Key Legal Issues for Quickly Growing Venture-Backed Startups

FLEX by Fenwick provides in-house counsel on demand for high growth companies. One of the key strengths of our internal team is that we are almost all former practicing attorneys.  We are the only interim in-house counsel staffing resource serving tech companies that is led by a former General Counsel. FLEX’s General Manager, Carole Coplan,  has served as General Counsel at Responsys (now part of Oracle Corporation) and Epylon (acquired by Accenture LLP), and has also practiced in-house at other Bay Area tech companies.  Most recently, Carole was the VP of Business Development at Cryptography Research (acquired by Rambus Inc.).​

Battle-tested founders and general counsels know there are many legal issues that can impact their company as it scales and grows. Having navigated a number of legal pitfalls in her own career as in-house counsel, Carole highlights below five of the many key areas that startups should not ignore. In future installments of the blog, she will expand on each of these in more detail:

  1. Protect your intellectual property.
  2. Think about your future needs for capital when developing your financing strategy.
  3. Mind your Ps and Qs regarding employment laws.
  4. Be mindful of regulatory issues impacting your business.
  5. Organize your stuff!

Startups who have an “exit plan” of either going public or selling their company should make sure they have a well-respected full service law firm to help guide them through these and other legal issues. The strength of a company’s business plan and team are obviously key drivers for success, but you will also want to make sure you have a top notch team of battle-tested legal advisors supporting you. At a certain stage in its growth, a company will determine when it makes sense to bring on an in-house attorney to handle day-to-day transactions and coordinate with outside counsel. FLEX by Fenwick provides interim in-house counsel in practice areas ranging from licensing/commercial transactions, legal specialists to GC-level attorneys with private and public company experience.