Season Two: Episode Seven – The road to entrepreneurship – risks, investing, and transitioning from a corporate setting to the startup world.

Episode Description: Nevin Chetry (Fordham Law ’19) interviews Rob Sanchez (Fordham Law ’14), CEO of MouthMedia Network and Lois Herzeca, COO of MouthMedia Network to discuss the path and risks founders take to start a company.

Episode Roadmap:

[:31] Introducing Nevin Chentry, Rob Sanchez, Lois Herzeca and MouthMedia Network.
[3:30] Transitioning legal skills from corporate law to the startup culture.
[6:05] Recognizing when legal work should be delegated.
[9:02] Rob’s decision to attend law school without intending to become a lawyer.
[12:27] Questions entrepreneurs need to ask themselves when raising venture capital.
[14:13] What venture capital investors are looking for in startups.
[20:15] Balancing your vision for your startup with best business decisions.
[26:22] Lois’s transition from corporate law to a startup.
[29:42] Evaluating risk when considering a startup.
[34:40] Rob and Lois’s advice for their younger entrepreneurial selves.

Tweetables:

“We always have to keep in mind the big picture, and what the steps are to get us there.” — Lois Herzeca

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“I can learn almost anything from an MBA program from a book, but the legal degree is a retraining of the way you think about the world.” — Rob Sanchez

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“Most people don’t spend enough time thinking about what they really want when it comes to raising money.” — Rob Sanchez

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“You have to understand who you are as a company, and who the right investors are for you.” — Lois Herzeca

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“Having a very strong vision is important, but so is knowing that you don’t know what you’re doing.” — Rob Sanchez

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Mentioned in This Episode:

Additional Resources:

Fordham’s Entrepreneurial Law Clinic
Follow us on Twitter @FordhamELC

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Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing, and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City.