Question
We are a young startup of three co-founders based in the U.S. We are looking into joining one of the more famous incubator programs, and we'd like to know what sort of legal issues we should prepare for. For instance, I assume that once in a program, the people running the program will have an interest in gaining a stake in the startup, can we prepare for that? And are there any specific measure we should take concerning protection of our IP?
Answers: 2 public & 0 private
Your first step should be to identify what is your intangible that is worthwhile protecting? Is it fear of someone stealing the copyrighted code? Do you have a patent that you are intending to apply for? What trade secrets are really secrets? Until you given it some thought, you cannot ask for meaningful advice and any incubator will have the network of service providers to tap.
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