Episode Archives

S2, Episode 7: Alternative Legal Careers – Case Study of Mouth Media

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

“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

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

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

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

Mentioned in This Episode:

Additional Resources: 

Sponsors: 

 

Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”), is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented, and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice.

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.

S2, Episode 6: Social Enterprise Law

Season Two: Episode Six – Examining for-profits and non-profits, benefit corporations, the B Lab certification process, philanthropy LLCs, and impact investing. 

Episode Description:  Bernice Grant, Senior Director of the Entrepreneurial Law Program at Fordham University School of Law joins with Professor Dana Brakman Reiser, Professor of Law at Brooklyn Law School, Visiting Professor of Law at Fordham School of Law and author of Social Enterprise Law: Trust, Public Benefit, and Capital Markets, to discuss social enterprise law.

Episode Roadmap:

  • [:30] Bernice Grant welcomes Professor Reiser and introduces her new book. 
  • [4:47] The legal difference between for-profit and non-profit companies. 
  • [6:53] An overview of a benefit corporation and the responsibilities of their directors.
  • [13:14] Well known benefit corporations and what they all have in common.
  • [14:39] Adopting hybrid form business models and prioritizing the mission-protected hybrid business model.
  • [20:23] Advantages of using a for-profit LLC business model for philanthropic efforts.
  • [26:25] Impact investing and how it is closing the gap to capital for social benefit entrepreneurs.
  • [29:05] Defining the differences between benefit corporations and obtaining certification from B Labs.
  • [31:30] Nurturing an entrepreneurial spirit and great book recommendations.

Tweetables:

“My research focuses on any place where the boundary is blurred between charity and business, non-profit and for-profit activity.” — Dana Brakman Reiser

“Entrepreneurs who are seeking to develop a business that has a social mission have a lot of choices.” — Dana Brakman Reiser

“We argue that to differentiate from any for-profit entity, a specialized form would have to require prioritization of the social mission.” — Dana Brakman Reiser

“Lawyers are not there to kill your dreams. Lawyers are there to make your dreams happen.” — Dana Brakman Reiser

Mentioned in This Episode:

Additional Resources: 

Sponsors: 

 

Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”), is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented, and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice.

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.

S2, Episode 5: Impact Investing – Case Study of Leap Frog Investments

Season Two: Episode Five – Examining impact investing — a relatively new form of investing which is directed at having a social or environmental impact alongside a financial return.  

Episode Description:  Evan Lin (Fordham Law ’19) and Zhujing Wu (Fordham Law ’19) interview Tom Brunner, Partner at LeapFrog Investments, to discuss impact investing, its legal concerns and how entrepreneurs can prepare to address these concerns.  

Episode Roadmap:

  • [:30] Evan Lin and Zhujing Wu introduce themselves and define impact investing.
  • [5:14] Tom Brunner introduces himself and offers an overview of LeapFrog Investments.
  • [8:01] Examining the commercial-philanthropic impact investing scale and the double bottom line. 
  • [10:34] Meeting fiduciary obligations and diversification considerations.
  • [15:49] Metrics used by LeapFrog to measure social impact, and differences between the healthcare delivery and financial service spaces.
  • [19:51] Three elements of any entrepreneurial endeavor that impact investors look for before investing.
  • [24:06] The importance of internal governance in your proposed business, including integrity, transparency, and guards against self dealing.
  • [27:18] How students and entrepreneurs can prepare to compete for limited positions with impact investing.
  • [32:33] Looking to the future of impact investing.
  • [35:00] Tom reviews five key takeaways for entrepreneurs looking to enter the impact investing space.

Tweetables:

“Social benefit needs to be an affirmative aspect of the business model.” — Tom Brunner

“If you’re able to make a case for your business that market investors will find attractive… that opens up a larger pool for potential investments.” — Tom Brunner

“People who go into this field will do very well both in terms of financial reward and professional satisfaction.” — Tom Brunner

“Impact investing is a critical element of the global approach to solving problems of poverty and other social imperatives.” — Tom Brunner

Mentioned in This Episode:

Additional Resources: 

Sponsors: 

 

Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”), is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented, and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice.

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.

S2, Episode 4: Road to the IPO

Season Two: Episode FourHow companies can raise capital through an initial public offering and the five biggest surprises that often come along the way. 

Episode Description: Joe Slochowsky (Fordham Law ’19) and Philipp Kirschbaum (Fordham Law ’19) interview James Shea (Fordham Law ’09), formerly Special Counsel at Sullivan & Cromwell LLP and now Of Counsel at Paul Hastings LLP.  They discuss the five surprises that often come on the road to the IPO. 

Episode Roadmap:

  • [:30] Joe Slochowsky and Philipp Kirschbaum introduce themselves and define the IPO. 
  • [3:43] An overview of the IPO process.
  • [9:27] James Shea discusses the five biggest surprises on the road to IPO, starting with systems and personnel.
  • [11:08] Reasonable timelines for putting systems in place.
  • [14:03] Contractual obligations that will come with the IPO.
  • [16:10] Tag-along and drag-along rights and roadshow requirements for management.
  • [19:05] Considerations for dual class voting.
  • [23:53] Understanding the role and relationship of the underwriter.
  • [28:24] Selecting an underwriter during a ‘bake-off’ and sizing a board of directors. 

Tweetables:

“IPOs are as big as they’ve ever been. 2019 is projected to raise record-breaking dollars.” — Philipp Kirschbaum

“It’s really important that you have both the people and the systems in place.” — James Shea

“An IPO is incredibly time consuming for a company, and it takes a lot of energy and attention by the management.” — James Shea

“It’s in everyone’s best interest that there’s the right amount of cooperation and attention given to roadshow activities.” — James Shea

Mentioned in This Episode:

Additional Resources: 

Sponsors: 

 

Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”), is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented, and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice.

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.

S2, Episode 3: Republic—Equity Crowdfunding Case Study

Season Two: Episode Three – A look at equity and crypto crowdfunding and Republic, an equity crowdfunding platform focused on diversity and mission-driven startups.  

Episode Description:  Julia Báez Valentín (Fordham Law ’19) and Soo Young Hong (Fordham Law ’19) interview Chuck Pettid (Fordham Gabelli School of Business, MBA, Finance ’06) on the crowdfunding platform Republic to discuss equity and crypto crowdfunding. They examine the safety, viability, and future of this relatively new approach to funding for startup companies. 

Episode Roadmap:

  • [:30] Julia Báez Valentín and Soo Young Hong introduce themselves and give an overview of crowdfunding and related securities law regulations.
  • [3:43] Chuck Pettid introduces himself and his work with Republic and crowdfunding.
  • [7:11] Is crowdfunding a viable way to finance your business?
  • [8:59] A look at Crowd SAFE and Republic’s involvement in cryptocurrencies.
  • [13:07] Confronting and mitigating investor risks associated with issuing tokens.
  • [15:34] Republic’s commitment to diversity  and serving underserved founders.
  • [18:33] All about Meet The Drapers. 
  • [22:51] The value of providing feedback to rejected founders.
  • [25:08] Additional television productions in the works.
  • [30:16] Considering the future of crowdfunding.

Tweetables:

“The most important thing to note is that with equity crowdfunding versus donation crowdfunding the companies have to comply with federal securities regulations.” — Soo Young Hong

“Regulation Crowdfunding enables companies to raise funds they previously lacked access to, and those funds are coming from everyday people that now have the ability to invest in startups.” — Julia Báez Valentín

“Crowdfunding should be a tool in every startup’s toolkit.” — Chuck Pettid

“It’s been our theme at Republic from the beginning – founders always need to put their best foot forward.” — Chuck Pettid

“Take crowdfunding seriously. It’s going to be around for a long time.” — Chuck Pettid

Mentioned in This Episode:

Additional Resources: 

Sponsors: 

 

Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented, and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice.

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.

S2, Episode 2: Kickstarter – Case Study of a Public Benefit Corporation

Season Two: Episode TwoConsiderations and advice for forming a public benefit corporation from one of the most successful benefit corporations in the world.

Episode Description:  Adam Mengler (Fordham Law ’19) interviews Chris Mitchell (Fordham Law ’00), General Counsel of Kickstarter—a Public Benefit Corporation and Certified B Corporation—to discuss the benefits and challenges that come with forming a benefit corporation. 

Episode Roadmap:

  • [:30] Adam Mengler introduces himself and Chris Mitchell, General Counsel of Kickstarter.
  • [2:30] Chris Mitchell explains what a benefit corporation is and the associated legal obligations.
  • [4:17] The benefits of transitioning to a benefit corporation.  
  • [5:41] Balancing charter goals with a company’s financial interests. 
  • [9:52] Challenges that benefit corporations face when raising money. 
  • [10:40] Considerations for companies before becoming a benefit corporation. 
  • [13:34] The effects of being a benefit corporation on the company’s attorneys.
  • [14:47] Nurturing an entrepreneurial spirit and Chris Mitchell’s favorite books.

Tweetables:

“The PBC form formalizes several long-standing Kickstarter beliefs and priorities.” — Chris Mitchell

“I’m always referencing back to the charter; making sure that all of our commitments are being fulfilled, not just the profit maximization ones.” — Chris Mitchell

“Becoming a PBC is not quite as daunting as people may realize, and I think it’s incredibly beneficial.” — Chris Mitchell

Mentioned in This Episode:

Additional Resources: 

Sponsors: 

 

Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented, and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice.

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.

S2, Episode 1: Access to Capital for Female and Minority Entrepreneurs – Case Study of Mi Dinero Mi Futuro

Season Two: Episode OneA look at the problems of and solutions for gaining access to capital for female and minority entrepreneurs.

Episode Description: Oluwayemisi (“Yemi”) Danmola (Fordham Law ’19) and Diana Ryzhova (Fordham Law ’19) interview Ramona Ortega (Fordham Law ’13), Founder and CEO of Mi Dinero Mi Futuro (My Money My Future Inc.), a fintech company for multicultural millennials, to discuss access to capital for female and minority entrepreneurs.  

Episode Roadmap:

  • [:15] Bernice Grant introduces Season 2 of Startup LAWnchpad.
  • [2:06] Diana Ryzhova and Yemi Danmola introduce themselves and the topic of access to capital for female and minority entrepreneurs.
  • [4:10] Ramona Ortega introduces herself and her current business venture.
  • [10:43] The steps required on the long road to starting up a new company.
  • [17:50] ‘Financial literacy’ — its perception and problems, and what Ramona’s company focuses on instead.
  • [20:20] Resources to help entrepreneurs understand financial law.
  • [24:16] The current access to capital environment for females and minorities.
  • [35:35] Ramona’s reflections on participation in female-led venture capital endeavours. 
  • [42:43] Is this the career that Ramona dreamed of in her childhood?

Tweetables:

“Any entrepreneur should be asking themselves — what is the problem that you’re solving, and why are you the person to solve it?” — Ramona Ortega

“We empower people to make smarter financial decisions by giving them the information and the tools they need.” — Ramona Ortega

“This is not about us telling people what to do; it’s about empowering people to understand how money works.” — Ramona Ortega

“Humility, being able to start over, taking great risks — that’s what great entrepreneurs do.” — Ramona Ortega

Mentioned in This Episode:

Additional Resources: 

Sponsors: 

 

Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”), is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented, and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice.

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.

S1, Episode 16: Co-working Spaces vs. Leases

Season One: Episode Sixteen Legal and business considerations for entrepreneurs and business owners when seeking office space.

Episode Description: Kevin Chan (Fordham Law ’18) offers an overview of various legal and business considerations for entrepreneurs and new business owners who are looking for office space, including the legal differences between lease and license agreements, the advantages and disadvantages of each, and a walk-through of the process for each of these options.

Episode Roadmap:

  • [:30] Kevin Chan introduces himself, and offers an overview of office space considerations for entrepreneurs and new business owners.
  • [4:23] A look at lease vs. license characteristics — see chart below.
  • [6:39] Weighing lease vs. license advantages and disadvantages — see chart below.
  • [10:15] The hypothetical cost of securing office space in Manhattan with a lease, and with a license agreement. 
  • [13:02] Practical considerations for both lease and license arrangements. 
  • [15:52] Breaking down the multiple components of monthly rent fees.
  • [17:30] Requirements for subleasing a space, and alterations.  
  • [20:04] The benefits of understanding the differences between lease and licence agreements prior to securing either.

Tweetables:

“In many cases the license provided through shared work spaces is a more cost-effective way to obtain office space. ” — Kevin Chan

“If you’re in the early stages of your business and are not ready to shoulder the high cost of a lease, a shared work space makes the most sense.” — Kevin Chan

“Make sure you think about your short-term and long-term business objectives.” — Kevin Chan

Mentioned in This Episode:

Additional Resources: 

Sponsors: 

 

Disclaimer: The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”), is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented, and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice.

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.

S1, Episode 15: Real Estate Entrepreneurship

Season One, Episode Fifteen– A first look at the relationship between real estate investment and law for entrepreneurs.

S1, Episode 14: Privacy Policies

Season One, Episode Fourteen– Understanding privacy policies, laws entrepreneurs need to know in order to protect themselves, and tips for drafting your own privacy policy.