In the early days of starting a business, you might be tempted to gloss over ownership structure, equity stakes, and other seemingly boring details. After all, you might think, as long as you keep taxes low, paperwork uncomplicated, and partners motivated, better to deal with the big stuff first. But these decisions can have a significant cost down the road, particularly for entrepreneurs who seek outside investors. Read more of my latest column at businessweek.com
The Book
The Entrepreneurial Instinct (McGraw-Hill, Sept 14 2012)
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