Hey everybody welcome to a very special series we're doing here on this week in

startups. I get asked constantly the most basic questions about how to run a startup.

And if you get the basics wrong, you are in for pain, suffering, and expense later in your journey.

And people will tell you, oh, you don't need to do it right,

you can just wing it.

It's the worst advice that you could ever get.

When it comes to accounting, legal, human resources, and

your tech stack. When you get these things wrong, you have to rip them out and the time it takes to rip them out and fix them is painful.

So we're starting a series called Legal Basics. Just the basics. Now you think you might know the basics you're on your second or third startup, but this stuff changes and evolves. I would say on a cadence that's, you know, every five to ten years.

So my law firm, the law firm J-Cal relies on, is called Wilson-Sancini.

Most people would say this is either the number one two or three law firm in the

technology space on a global basis. I'm not going to sit here and debate who's

one two and three. All you need to know is that it's the top.

Okay, right up there.

Now, Becky DeGraw works there, she works at Wilson-Sancini, and she's been there for a long time. She started as an

associate. She is now a partner, and she is going to do us all a real favor

by defining the basics that you need to know and then I'm going to help

refine the questions I get as an angel for when people get themselves.

Let's face it, tripped up. Getting tripped up on legal issues you heard my little intro there Becky I mean how much of your life is spent

When you're working with that let's call it year two startup,

that's got a little bit of venture capital, got a little bit of money now,

how much is clean up work and fixing stuff?

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