Lecture 18 - Legal and Accounting Basics for Startups (Kirsty Nathoo, Carolynn Levy)

Lecture Transcript: http://genius.com/Kirsty-nathoo-lecture-18-mechanics-legal-finance-hr-etc-annotated There's a lot that goes behind the scenes in running a startup. Getting the legal, finance (equity allocation, vesting), accounting, and other overhead right will save you a lot of pain in the long run. Kirsty Nathoo, CFO at Y Combinator, and Carolynn Levy, General Counsel at Y Combinator, cover these very important topics in this lecture. See the slides and readings at startupclass.samaltman.com/courses/lec18/ Discuss this lecture: https://startupclass.co/courses/how-to-start-a-startup/lectures/64047 This video is under Creative Commons license: http://creativecommons.org/licenses/by-nc-nd/2.5/

Carolynn LevyhostKirsty Nathoohost

Nov 20, 201448mWatch on YouTube ↗

EPISODE INFO

Released: November 20, 2014
Duration: 48m
Channel: YC Root Access
Watch on YouTube: ▶ Open ↗

EPISODE DESCRIPTION

Lecture Transcript: http://genius.com/Kirsty-nathoo-lecture-18-mechanics-legal-finance-hr-etc-annotated There's a lot that goes behind the scenes in running a startup. Getting the legal, finance (equity allocation, vesting), accounting, and other overhead right will save you a lot of pain in the long run. Kirsty Nathoo, CFO at Y Combinator, and Carolynn Levy, General Counsel at Y Combinator, cover these very important topics in this lecture. See the slides and readings at startupclass.samaltman.com/courses/lec18/ Discuss this lecture: https://startupclass.co/courses/how-to-start-a-startup/lectures/64047 This video is under Creative Commons license: http://creativecommons.org/licenses/by-nc-nd/2.5/

SPEAKERS

Carolynn Levy
host
YC General Counsel focused on startup legal mechanics, fundraising terms, and governance.
Kirsty Nathoo
host
YC finance/accounting leader advising startups on bookkeeping, payroll, cash discipline, and operational finance basics.

EPISODE SUMMARY

In this episode of YC Root Access, featuring Carolynn Levy and Kirsty Nathoo, Lecture 18 - Legal and Accounting Basics for Startups (Kirsty Nathoo, Carolynn Levy) explores avoid startup legal and accounting pitfalls with standard, simple mechanics. Form a standard Delaware C-Corporation and avoid “fancy” structures that create massive downstream legal costs.

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