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Things Nobody Tells You About the First 6 Months of Being a Startup Founder
From your friendly neighborhood venture-backed CPG startup CEO
Hi everyone! I haven’t written in a hot minute — why you ask?
Well, I’m a full-time CEO of a startup for the first time in my life, a part-time investor in preseed startups across all verticals, a very part-time startup consultant, and have gone through a number of personal life emergencies in the past 6 months.
Let’s get to it. I wish I knew these things in my first months of founding my own startup.
If you intend to raise venture capital, register as a Delaware C-Corp. Then, register in your state.
I registered as an LLC last summer because this was my side project while I was a full-time college student, I wasted precious time and money (that I didn’t have) to go from LLC->Delaware C-Corp in order to accept money from my investors.
Oh but don’t forget, if you’re going to be operating your business out of California (for instance), you should register with the California Secretary of State asap — as well as the EDD. The EDD will then mail you numbers to plug into whatever payroll platform you use (I use Gusto) in order to pay your employees.
Find a good lawyer to get help on the specifics for your company and state.
