In growing a startup, entrepreneurs must choose among a plethora
of potential advisors and mentors from various disciplines.
Instinctively, many new entrepreneurs turn first to seasoned serial
entrepreneurs for advice, but may seek attorneys slightly later in
the game. Building a broad spectrum of advisors is crucial,
however, to the early success of your company. Engaging lawyers
sooner can give you a more holistic approach to both the common and
nuanced issues facing your company.
MassChallenge recently posted on its blog about the necessary
relationship between startups and lawyers, found
here. Nick Dougherty, CEO of
Verbal Applications, intuitively acknowledged the need for
legal advisors among other mentors at the early stages of founding
a company: "I realized that as an entrepreneur, you are a rock
climber . . . Do not climb without a rope. The jump from the rock
face must be calculated." Thanks to MassChallenge for the
insightful post: we're glad to see all
