Startup Pitfalls to Avoid

by Kaley LaQuea

Colorado’s booming startup culture has kept corporate counsel busy and shows no signs of slowing down anytime soon. But several aspects of a burgeoning company can often be overlooked and create difficult problems for investors, founders and employees down the road.

Sphero attorney Stacy Carter has spent her entire legal career working with startups, and says businesses getting off the ground are consistently met with the unexpected. It truly boils down to “being able to roll with the punches.”

For example, when her company was suddenly evacuated from their office space due to a structural failure, she says in a larger established company there would be an entire real estate team dedicated to working out the problem with landlords and insurance, but that wasn’t the case.

“No one knew it was going to happen that day. Everyone fills more than one role,” Carter said.