Hey everybody, welcome back to our startup basic series here at this week in startups.

What is startup basics?

Very simple.

I could ask the same questions over and over and over again.

Will you invest in my company?

Show me your traction.

Will you invest in my company?

Show me your traction.

It's the same conversation over and over again.

Whether it's raising money, legal issues, accounting issues, or HR issues, and literally

while I'm taping this.

HR is a board meeting going on that another person our team is going to where they're

dealing with the type of legal mistakes that we're trying to help you avoid on today's

program.

If you make these mistakes, it takes you only one error in judgment to make the mistake.

And instead of doing the half hour or hour of two hours of work to not make the mistake

and to do it right, you wind up creating 200 hours or 2000 hours or a busted deal down

the road or an acquisition that gets called off.

So please, tight is right when it comes to accounting, HR, and legal, probably most of

all legal, although it's pretty close between accounting and legal, and with me again,

Becky DeGrore, who works at the greatest law firm in Silicon Valley, Wilson Sincini.

I said it.

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