Transistor (https://transistor.fm) https://feeds.transistor.fm/liquidation-preference Hosted by Fort Worth-based startup attorney Andrew Kussmaul, Liquidation Preference is the podcast that discusses everything founders need to know about startup law and venture capital over a beverage of their choice. © 2025 Andrew Kussmaul c550e41b-c8a8-5526-b82f-b101dc32c56f no Liquidation Preference Trailer en Fri, 09 Feb 2024 14:01:33 -0600 Tue, 02 Dec 2025 16:47:09 -0600 https://kussmaullegal.com/ https://img.transistor.fm/dwm4Hugwlo_57jovAlJDUM9V_vjptxC3pkdwE_bNnJQ/rs:fill:0:0:1/w:1400/h:1400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzIxODY4LzE2MjMy/NzIxMTMtYXJ0d29y/ay5qcGc.jpg https://kussmaullegal.com/ episodic Andrew Kussmaul Hosted by Fort Worth-based startup attorney Andrew Kussmaul, Liquidation Preference is the podcast that discusses everything founders need to know about startup law and venture capital over a beverage of their choice. Hosted by Fort Worth-based startup attorney Andrew Kussmaul, Liquidation Preference is the podcast that discusses everything founders need to know about startup law and venture capital over a beverage of their choice.. start, up, startup, start-up, law, lawyer, attorney, tech, technology, entrepreneurship, business Andrew Kussmaul No No 10 10 Powerful Commanding Terms full b02b399a-ded9-4d31-9e9a-bd0e95579398 https://share.transistor.fm/s/a9db882e Control provisions in a term sheet leave a powerful impression on your startup just like a Lambic imparts strong flavors on your pallet. In this episode we cover four control terms that all founders need to know before they raise their Series A. Grab a drink and enjoy. Cheers!

]]> Control provisions in a term sheet leave a powerful impression on your startup just like a Lambic imparts strong flavors on your pallet. In this episode we cover four control terms that all founders need to know before they raise their Series A. Grab a drink and enjoy. Cheers!

]]> Thu, 02 Sep 2021 04:00:00 -0500 Andrew Kussmaul Andrew Kussmaul 940 Control provisions in a term sheet leave a powerful impression on your startup just like a Lambic imparts strong flavors on your pallet. In this episode we cover four control terms that all founders need to know before they raise their Series A. Grab a drink and enjoy. Cheers! Control provisions in a term sheet leave a powerful impression on your startup just like a Lambic imparts strong flavors on your pallet. In this episode we cover four control terms that all founders need to know before they raise their Series A. Grab a dr start, up, startup, start-up, law, lawyer, attorney, tech, technology, entrepreneurship, business No 9 9 Special Lucrative Terms full 3ce20406-12e0-4afb-a6a1-e3138c8cbef1 https://share.transistor.fm/s/c9d3cc69 There are many economic provisions in a term sheet. However, just like special release beers, some are more important than others. In this episode we cover three economic terms that all founders need to know before they raise their Series A. Grab a drink and enjoy. Cheers!

]]> There are many economic provisions in a term sheet. However, just like special release beers, some are more important than others. In this episode we cover three economic terms that all founders need to know before they raise their Series A. Grab a drink and enjoy. Cheers!

]]> Thu, 26 Aug 2021 04:00:00 -0500 Andrew Kussmaul Andrew Kussmaul 874 There are many economic provisions in a term sheet. However, just like special release beers, some are more important than others. In this episode we cover three economic terms that all founders need to know before they raise their Series A. Grab a drink and enjoy. Cheers! There are many economic provisions in a term sheet. However, just like special release beers, some are more important than others. In this episode we cover three economic terms that all founders need to know before they raise their Series A. Grab a drink start, up, startup, start-up, law, lawyer, attorney, tech, technology, entrepreneurship, business No 8 8 The Series A Fall full 84570c81-4936-4e5b-94ab-f10be8c04926 https://share.transistor.fm/s/0a61dd54 With the changing of the seasons comes an inflated desire for the rich flavors of an Oktoberfest. This is no different than the increased anticipation most founders feel to get a term sheet for their Series A. However, there is more to this financing than just the deal, and every entrepreneur must view it from all angles. In this episode we discuss the facets of the Series A round that are often overlooked by many startups. Grab a drink and enjoy. Cheers!

]]> With the changing of the seasons comes an inflated desire for the rich flavors of an Oktoberfest. This is no different than the increased anticipation most founders feel to get a term sheet for their Series A. However, there is more to this financing than just the deal, and every entrepreneur must view it from all angles. In this episode we discuss the facets of the Series A round that are often overlooked by many startups. Grab a drink and enjoy. Cheers!

]]> Thu, 19 Aug 2021 04:00:00 -0500 Andrew Kussmaul Andrew Kussmaul 1239 With the changing of the seasons comes an inflated desire for the rich flavors of an Oktoberfest. This is no different than the increased anticipation most founders feel to get a term sheet for their Series A. However, there is more to this financing than just the deal, and every entrepreneur must view it from all angles. In this episode we discuss the facets of the Series A round that are often overlooked by many startups. Grab a drink and enjoy. Cheers! With the changing of the seasons comes an inflated desire for the rich flavors of an Oktoberfest. This is no different than the increased anticipation most founders feel to get a term sheet for their Series A. However, there is more to this financing than start, up, startup, start-up, law, lawyer, attorney, tech, technology, entrepreneurship, business No 7 7 Accelerate full 046ca42a-4a5e-4fc7-9977-371521f61202 https://share.transistor.fm/s/35cd5fd9 Accelerators can propel your startup to that next level just like a good coffee beer can give you the energy you need to finish out your day. While not necessary for every company, those that join the competent ones exit with the foundation needed for success. In this discussion we dive into what accelerators are, what they want, how to choose the right one, and some red flags to keep an eye out for. Grab a drink and enjoy. Cheers!

]]> Accelerators can propel your startup to that next level just like a good coffee beer can give you the energy you need to finish out your day. While not necessary for every company, those that join the competent ones exit with the foundation needed for success. In this discussion we dive into what accelerators are, what they want, how to choose the right one, and some red flags to keep an eye out for. Grab a drink and enjoy. Cheers!

]]> Thu, 12 Aug 2021 04:00:00 -0500 Andrew Kussmaul Andrew Kussmaul 1150 Accelerators can propel your startup to that next level just like a good coffee beer can give you the energy you need to finish out your day. While not necessary for every company, those that join the competent ones exit with the foundation needed for success. In this discussion we dive into what accelerators are, what they want, how to choose the right one, and some red flags to keep an eye out for. Grab a drink and enjoy. Cheers! Accelerators can propel your startup to that next level just like a good coffee beer can give you the energy you need to finish out your day. While not necessary for every company, those that join the competent ones exit with the foundation needed for suc start, up, startup, start-up, law, lawyer, attorney, tech, technology, entrepreneurship, business No 6 6 Seed Round Haze full 064e4178-5c89-46d0-9ffe-ce665805dbe0 https://share.transistor.fm/s/5612d7a4 For many, the seed round is hazy like a wheat beer. Should I sell preferred stock? Why shouldn’t I sell common stock? What does this process look like? What are these rights my investor wants? In this discussion we continue our conversation on the seed round by answering those questions. Grab a drink and enjoy. Cheers!

]]> For many, the seed round is hazy like a wheat beer. Should I sell preferred stock? Why shouldn’t I sell common stock? What does this process look like? What are these rights my investor wants? In this discussion we continue our conversation on the seed round by answering those questions. Grab a drink and enjoy. Cheers!

]]> Thu, 05 Aug 2021 04:00:00 -0500 Andrew Kussmaul Andrew Kussmaul 937 For many, the seed round is hazy like a wheat beer. Should I sell preferred stock? Why shouldn’t I sell common stock? What does this process look like? What are these rights my investor wants? In this discussion we continue our conversation on the seed round by answering those questions. Grab a drink and enjoy. Cheers! For many, the seed round is hazy like a wheat beer. Should I sell preferred stock? Why shouldn’t I sell common stock? What does this process look like? What are these rights my investor wants? In this discussion we continue our conversation on the seed ro start, up, startup, start-up, law, lawyer, attorney, tech, technology, entrepreneurship, business No 5 5 Sweeter Than Mead full 0eb4b067-5e59-4188-a560-f304d6ffbde9 https://share.transistor.fm/s/561a851f Raising a Seed Round for your startup is sweeter than mead. But was does it entail? In this discussion we cover the basics for this round of investor financing, the more popular instruments used for this raise, and how founders can choose the right one. Grab a drink and enjoy. Cheers!

]]> Raising a Seed Round for your startup is sweeter than mead. But was does it entail? In this discussion we cover the basics for this round of investor financing, the more popular instruments used for this raise, and how founders can choose the right one. Grab a drink and enjoy. Cheers!

]]> Thu, 29 Jul 2021 04:00:00 -0500 Andrew Kussmaul Andrew Kussmaul 1112 Raising a Seed Round for your startup is sweeter than mead. But was does it entail? In this discussion we cover the basics for this round of investor financing, the more popular instruments used for this raise, and how founders can choose the right one. Grab a drink and enjoy. Cheers! Raising a Seed Round for your startup is sweeter than mead. But was does it entail? In this discussion we cover the basics for this round of investor financing, the more popular instruments used for this raise, and how founders can choose the right one. G start, up, startup, start-up, law, lawyer, attorney, tech, technology, entrepreneurship, business No 4 4 Sour Fundraising Misconceptions full c0b411a9-4760-4118-bab3-26192afa10d7 https://share.transistor.fm/s/28a0ffd6 In my practice, I often have to clear up quite a few misconceptions when it comes to raising money for a startup. Just like that first sip of a sour ale, learning that you have been thinking, approaching, or handling the fundraising process wrong is a bitter pill to swallow. However, the punch that flavor brings is eye opening. In this discussion we cover those misconceptions; the dos and don’ts when interacting with investors; when founders should conduct a raise; how much money your startup needs; and how all founders need to keep their feet on the ground. Grab a drink and enjoy. Cheers!

]]> In my practice, I often have to clear up quite a few misconceptions when it comes to raising money for a startup. Just like that first sip of a sour ale, learning that you have been thinking, approaching, or handling the fundraising process wrong is a bitter pill to swallow. However, the punch that flavor brings is eye opening. In this discussion we cover those misconceptions; the dos and don’ts when interacting with investors; when founders should conduct a raise; how much money your startup needs; and how all founders need to keep their feet on the ground. Grab a drink and enjoy. Cheers!

]]> Thu, 22 Jul 2021 04:00:00 -0500 Andrew Kussmaul Andrew Kussmaul 1091 In my practice, I often have to clear up quite a few misconceptions when it comes to raising money for a startup. Just like that first sip of a sour ale, learning that you have been thinking, approaching, or handling the fundraising process wrong is a bitter pill to swallow. However, the punch that flavor brings is eye opening. In this discussion we cover those misconceptions; the dos and don’ts when interacting with investors; when founders should conduct a raise; how much money your startup needs; and how all founders need to keep their feet on the ground. Grab a drink and enjoy. Cheers! In my practice, I often have to clear up quite a few misconceptions when it comes to raising money for a startup. Just like that first sip of a sour ale, learning that you have been thinking, approaching, or handling the fundraising process wrong is a bit start, up, startup, start-up, law, lawyer, attorney, tech, technology, entrepreneurship, business No 3 3 I.P.A.: Indispensable. Powerful. Advisors. full ca3bdf8b-e79f-4c50-b4e8-23ebfa18bad3 https://share.transistor.fm/s/2177a701 Every entrepreneur needs a mentor, and every startup needs advisors. Making the right choice is like selecting any good India Pale Ale; powerful and enjoyable. While you can find many out there to fill these roles, there are those who, like a bad IPA, can leave you with a bad taste in your mouth, and a pounding headache. In this discussion we cover everything a founder needs to know about mentors, advisors, finders, and predators. Grab a drink and enjoy. Cheers!

]]> Every entrepreneur needs a mentor, and every startup needs advisors. Making the right choice is like selecting any good India Pale Ale; powerful and enjoyable. While you can find many out there to fill these roles, there are those who, like a bad IPA, can leave you with a bad taste in your mouth, and a pounding headache. In this discussion we cover everything a founder needs to know about mentors, advisors, finders, and predators. Grab a drink and enjoy. Cheers!

]]> Thu, 15 Jul 2021 04:00:00 -0500 Andrew Kussmaul Andrew Kussmaul 1312 Every entrepreneur needs a mentor, and every startup needs advisors. Making the right choice is like selecting any good India Pale Ale; powerful and enjoyable. While you can find many out there to fill these roles, there are those who, like a bad IPA, can leave you with a bad taste in your mouth, and a pounding headache. In this discussion we cover everything a founder needs to know about mentors, advisors, finders, and predators. Grab a drink and enjoy. Cheers! Every entrepreneur needs a mentor, and every startup needs advisors. Making the right choice is like selecting any good India Pale Ale; powerful and enjoyable. While you can find many out there to fill these roles, there are those who, like a bad IPA, can start, up, startup, start-up, law, lawyer, attorney, tech, technology, entrepreneurship, business No 2 2 The Essential Process full fe7ba4b9-0006-49e4-8254-ba37f89a9b30 https://share.transistor.fm/s/06027f88 The business formation process demands that specific steps be taken. Just like every get-together needs good friends and a light lager, every startup needs a straightforward layout and specific agreements in place from the beginning. In this discussion we cover how to incorporate, what documents accompany the process, and how you should structure your startup. Grab a drink and enjoy. Cheers!

]]> The business formation process demands that specific steps be taken. Just like every get-together needs good friends and a light lager, every startup needs a straightforward layout and specific agreements in place from the beginning. In this discussion we cover how to incorporate, what documents accompany the process, and how you should structure your startup. Grab a drink and enjoy. Cheers!

]]> Thu, 08 Jul 2021 04:00:00 -0500 Andrew Kussmaul Andrew Kussmaul 1250 The business formation process demands that specific steps be taken. Just like every get-together needs good friends and a light lager, every startup needs a straightforward layout and specific agreements in place from the beginning. In this discussion we cover how to incorporate, what documents accompany the process, and how you should structure your startup. Grab a drink and enjoy. Cheers! The business formation process demands that specific steps be taken. Just like every get-together needs good friends and a light lager, every startup needs a straightforward layout and specific agreements in place from the beginning. In this discussion we start, up, startup, start-up, law, lawyer, attorney, tech, technology, entrepreneurship, business No 1 1 A Stout Formation full d679bbcc-b467-4f21-8987-645e0ba16689 https://share.transistor.fm/s/53f10335 When it comes to starting a business, you want to get it right from the beginning. Like a good stout beer, forming your company correctly provides you a strong base to build upon. In this discussion we cover what type of entity your startup should be, and which state it should be formed in. Grab a drink and enjoy. Cheers!

]]> When it comes to starting a business, you want to get it right from the beginning. Like a good stout beer, forming your company correctly provides you a strong base to build upon. In this discussion we cover what type of entity your startup should be, and which state it should be formed in. Grab a drink and enjoy. Cheers!

]]> Thu, 01 Jul 2021 04:00:00 -0500 Andrew Kussmaul Andrew Kussmaul 1110 When it comes to starting a business, you want to get it right from the beginning. Like a good stout beer, forming your company correctly provides you a strong base to build upon. In this discussion we cover what type of entity your startup should be, and which state it should be formed in. Grab a drink and enjoy. Cheers! When it comes to starting a business, you want to get it right from the beginning. Like a good stout beer, forming your company correctly provides you a strong base to build upon. In this discussion we cover what type of entity your startup should be, and start, up, startup, start-up, law, lawyer, attorney, tech, technology, entrepreneurship, business No Liquidation Preference Trailer trailer 1d62cdba-6c76-4a1c-881a-90e2a6caadab https://share.transistor.fm/s/4152888a Hosted by Fort Worth-based startup attorney Andrew Kussmaul, Liquidation Preference is the podcast that discusses everything founders need to know about startup law and venture capital over a beverage of their choice.

]]> Hosted by Fort Worth-based startup attorney Andrew Kussmaul, Liquidation Preference is the podcast that discusses everything founders need to know about startup law and venture capital over a beverage of their choice.

]]> Wed, 09 Jun 2021 15:58:30 -0500 Andrew Kussmaul Andrew Kussmaul 60 Hosted by Fort Worth-based startup attorney Andrew Kussmaul, Liquidation Preference is the podcast that discusses everything founders need to know about startup law and venture capital over a beverage of their choice. Hosted by Fort Worth-based startup attorney Andrew Kussmaul, Liquidation Preference is the podcast that discusses everything founders need to know about startup law and venture capital over a beverage of their choice. start, up, startup, start-up, law, lawyer, attorney, tech, technology, entrepreneurship, business No