On the Advice of Counsel…
Yesterday, the attorney for my new company advised me that I should be careful about what I disclose to the public about the company’s activities. The company operates in a highly regulated field. Evidently, any open discussion of what the company does, especially of any offerings it may or may not hypothetically be considering, could be construed as a solicitation.
From an economics point of view, I think that such restrictions, however well meaning their original intent, tend to merely protect incumbents from competition. Nevertheless, I obviously don’t want the company to get into any trouble. Therefore, I have edited or redacted any potentially problematic revelations from these posts
- What I’m Working On: Supercharging Innovation
- Executive Compensation
- Revolutionizing Angel Funding
- You Can’t Pick Winners at the Seed Stage
If you have any questions, post a comment here and I will contact you privately.
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5 Responses to “On the Advice of Counsel…”
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[...] [REDACTED 05/08/2009: see here] [...]
[...] Isn’t this plan still too soft? Personally, I think it is. One could argue that the risk-reward ratio should be turned on its head so that it’s much less risky to start a new venture* which has huge value-upside and much more risky to take the helm of a established “blue chip” ship. With this line of reasoning, simply requiring executive salary to be invested seems like too much of a freeroll to me; I’d like to see some real skin in the game and require the top execs to reach into their savings and buy lock-up stock as well. But I’m happy to try the basic plan and see how it goes. * I’ve put my money where my mouth is on this one [REDACTED 05/08/2009: see here]. [...]
[...] 27, 2009 by kevindick [EDITED 05/082009: see here] The majority of people I’ve talked to like the idea of revolutionizing angel funding. Among [...]
[...] on May 8, 2009 at 8:08 pm On the Advice of Counsel… « The Emergent Fool [...]
I would thuroughly enjoy discussing this with you.