... roles
While early-stage founders need to know everything about everything, responsibilities can be shared as a startup grows and welcomes new people.
Here are what we consider to be the most important topics for each category of people.
By founders, we mean early-stage founders who are juggling multiple hats. Given the multitude of issues that need to be addressed in a short period of time (and not necessarily from a legal perspective), it is critical for founders to focus on the essential issues that need to be addressed early in a company's journey. This includes:
As the company develops, the CEO / CFO / COO / CTO guidelines listed below become applicable.
C-level executives need to have a complete view of the company's legal landscape. While we recommend that all C-level executives become familiar with the LEXR Standard Master Checklist, we suggest that all other elements of this guide be divided among them based on the internal organization of responsibilities within the company. For example, if the CTO is the inventor of the technology, they should be familiar with Patents; if the COO is handling HR topics, they should read the HR chapter, etc.
As an investor, you can use our LEXR Standard Master Checklist to findout what to look for in your due diligence. In addition, the most important topics are those that affect the cap table, such as:
As a board member, you should have an overview of the issues and be familiar with the areas where your help is needed and where you may be personally liable. This includes:
As HR lead, you need to understand all HR-related topics, which are the following:
As a sales or marketing lead, you need to understand what contracts are needed and how to use them. It is also important to understand how your assets are protected and can be used. These are important topics: