Summary: In this episode of Finance for Startups, we deliver an audio narration of a blog post by Scott Edward Walker, the founder and CEO of Walker Corporate Law Group, PLLC (a law firm specializing in the representation of entrepreneurs). This column was submitted by Mr. Walker to VentureBeat.com. Click here to link to the original post in the Entrepreneur Corner on VentureBeat.com. (http://media.libsyn.com/media/fgcastgain/5_legal_mistakes.jpg) What happens when your startup is running out of money? Should you post something on your web site or twitter about selling your stock? If you do, you may be violating laws and putting your startup at risk--both legally and financially (in the area of valuation, for example). As you will hear in this audio episode, the best thing to do is get advice from your legal counsel before acting on your home-grown plan to raise capital. We thank Scott Edward Walker for his permission to repurpose and publish this post as an audio narration. Disclaimer: This "Ask the Attorney" post discusses general legal issues, but it does not constitute legal advice in any respect. No reader --or listener-- should act or refrain from acting on the basis of any information presented herein without seeking the advice of counsel in the relevant jurisdiction. VentureBeat, the Author andthe author's firm expressly disclaim all liability in respect of any actions taken or not taken based on any contents of this post. Copyright (c) 2010, Scott Edward Walker, VentureBeat.com and Matrix Solutions Corporation. All rights reserved.
