The most important thing if you want to be a Cereal entrepreneur…
Be good friend with a fucking great lawyer. Not a mediocre lawyer, a shark. Don’t hire one. Be friends with one. A good lawyer now will save you heardache later. I just learned this lesson by accident. I’ve been screwed many a times because of shoddy legal work (usually me trying to play my own lawyer - bad idea folks) and i recently because good friends with a great lawyer (hiya joe) who happens to love startups, if i stay out of trouble in the future it’ll probably be because of him.
Nothing is more important than a good well written, notarized contract. Except having a shark to protect you once someone tries to fuck you over - which will happen….
FInd a friend or at least hire a big firm and save your ass now. Spend a little now to save a lot later. Don’t be foolish, you need a lawyer like an atlantic city hooker needs her fix - get it!
