Doug Bend (@DougBend) header
Doug Bend (@DougBend) profile picture

Legal Counsel For Entrepreneurs @BendLawGroup • Startups, small business law, technology and San Francisco

San Francisco, California
Joined December 2008
Photo by Doug Bend (@DougBend)Photo by Doug Bend (@DougBend)Photo by Doug Bend (@DougBend)Photo by Doug Bend (@DougBend)Photo by Doug Bend (@DougBend)Photo by Doug Bend (@DougBend)Photo by Doug Bend (@DougBend)Photo by Doug Bend (@DougBend)Photo by Doug Bend (@DougBend)Photo by Doug Bend (@DougBend)
It's Prediction Week 👀 You ready? Our AI robot friend Axel sure is...
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I’m legit, YC should buy Westfield mall and make it into startup land. Office park, food court, maybe even housing. VCs would set up offices in there. Then ancillary service providers. All the little startup would sell to each other. SaaS / AI Shenzhen. Last appraised at $200m? A steal. Would completely change downtown.
Downtown San Francisco mall formerly known as the Westfield Now has 1 million sqft vacant of its 1.5 million sqft total
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.@Edgedive helps you understand what your customers are actually saying. They make it simple to collect, tag, and synthesize all incoming feedback from every channel (linked to your CRM) so you can focus on building something people want. Congrats on the launch, @meksikanpijja & @nimeshmc!
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The new standard for early stage companies is real initial traction and revenue to be fundable. AI just makes it too easy to get a useful product into the market with zero capital. Failing to have those early customers before attempting to raise is now a massive red flag.
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4,369 startups founded in 2018 -where are they now? All US companies that used Carta for their cap tables. 4.4% have gotten to Series C. 1.1% to Series D or later. 0.34% have IPO'd, 5.5% have gotten acquired, and 1.3% are currently private unicorns. 61.9% have closed down
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Every month in San Francisco we run a dinner for founders. We are always looking for new folks to join. If you or anyone you know might be interested in coming we would love to have you join. Link to sign up below.
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2 years ago, I moved my entire life to Cyprus to escape Germany's 50% tax rate. It was the most expensive "money-saving" decision I've ever made. Here's 21 brutal realities of tax haven living (that nobody warns you about):
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No one is catching Silicon Valley - and that's okay. Looked at all priced round venture fundraising by US Carta startups from 2018 through Q3 2024 (over $560 billion 😲). Aggregated the data by MSA and year to see which ecosystem are on the rise. Bay Area holds serve - number 1 across all years. And actually the total share of funding increased for Bay Area companies in 2024, hitting 40% for the first time since 2019. New York is a strong number 2 except a tiny hiccup (falling to 3) last year. Fluctuation for Boston, but typically a solid third. Los Angeles hopping up to number 3 so far in 2024 on the back of some major Hardware rounds alongside its traditional strength in Consumer businesses. The top 4 are basically always the same, but 5-10 changes a LOT. Is San Diego the most underrated startup ecosystem? Yes, a lot of that is concentrated in Biotech but 5th or 6th since 2020 is pretty cool. Seattle has had some negative headlines but I also think it has a strong foundation. 5th through 7th consistently is nothing to sneeze at. Austin is good in many areas, great in few. We'll see how that changes in the coming years - will they become a Hardware hub on par with other major locales? Denver/Boulder is a green tech hub with a sprinkle of SaaS. Chicago and Atlanta and Miami and Salt Lake and Philly are all fighting to break consistently into the top 10, with Chicago leading this group so far. Overall conclusion: there are a lot of cool, developing ecosystems for venture capital around the country. And probably even more for bootstrapped tech businesses.
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You've probably heard of a SAFE Round, but what is it really? Alyssa's new post on the BLG Blog, "SAFE Round Basics" will tell you all that you need to know! bendlawoffice.com/2024/11/04…
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Be sure to check out Doug's new post on the BLG Blog, "Why Should I Work With An Experienced Business Attorney Instead of Using An Online Platform To Start My Business?" bendlawoffice.com/2024/10/28…
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What the broader stats don’t tell us is that the market for “nice” space is actually very strong and rental rates for view space are at all-time highs – surpassing $150/sqft in several cases.
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Bend Law Group is in the midst of a rebranding and needs a good tagline! Suggestions welcome.
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PSA! California employers are required to develop a Workplace Violence Prevention Plan by July 1, 2024. Be sure to check out Daniel's new post on the BLG Blog for details: bendlawoffice.com/2024/06/20…
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LinkedIn co-founder @reidhoffman demonstrates his digital twin "Reid AI": "That kind of human connection is actually possible here and one of the positive features of what is otherwise known as deep fake technology."
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BLG is hiring! We are now in search of an attorney with at least five years of business litigation experience to join our litigation group. Read more on BLG's website below. bendlawoffice.com/were-hirin…
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Per @cartainc, it's the hardest it's been in many, many years to raise a Series A The odds are the lowest at 12.1% At least budget for it to be about 2x harder than 20180-2019, and about 3x harder than 2020/2021
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1st commercial music video made with OpenAI Sora 🎰 700 Sora generations > 55 selected clips > edited in Premiere 🎞️ Clever creative decisions by @paultrillo lean into the strengths (connected videos) and hides the weaknesses (consistent characters)
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Red pill I've swallowed recently: Thinking Cost When I'm thinking about something -- there's trillions of other thoughts I could've had instead. The Human Brain Paradox: 1. Your brain is a supercomputer 2. Your brain can only have 1 thought at a time Every thought has Opportunity Cost. This is why toxic and dramatic people are dangerous. They hijack your supercomputers RAM with 1x thought loops. In the shower. On a walk. Lay in bed. Working out. With your kids. The cortisol thought gets admin access to the supercomputer. 1. This is terrible for your health 2. The biggest cost is the other thoughts you could be having instead When your supercomputer is busy with these nonsense 1x thoughts -- it can't run 10x thoughts like these: • "How long do I have left with my parents?" • "What career would make me happy?" • "Should I get that weird mole checked by a doctor?" • "Do I have a skill set that will be useful 5 years from now?" ----- The thinking cost problem is clear. The solutions are less clear. Some ideas I've found useful: 1. Design Environment The goal should be to design environment and social circles that prevent drama. Negative thought loops are downstream from dramatic people and events. Build firewalls. "Relentlessly prune bullshit" - Paul Graham "The 1st rule of handling conflict is don't hang around with people who are constantly engaging in conflict." - Naval 2. Close Loops When a Waiter is processing an order from a table, they have a super human ability to remember everything. As soon as the order is submitted to the kitchen, they struggle to recall it. This is the importance of closing loops. If drama has got past environmental design, the worst thing I've found is to leave the loop open. You're like the waiter repeating the order back to himself for days. Living life on a cliffhanger. The brain keeps replaying all the potential future outcomes. It's so boring -- and such a waste of critical mental oxygen. Get the order to the kitchen ASAP: Open a doc. Write out all thoughts. Design the strategy maze. Turn on Blitzkrieg mode until the problem is resolved. 3. Judo Throw In Judo, you use the other person's momentum against them. Whenever you catch yourself in a bullshit thought loop, use the momentum against itself. Ask: "What is the 10x thought loop I'm missing out on right now?" The beauty of the Judo Throw is you've turned Shit into Sugar. You use 1x thought loops momentum to create 10x thought loops. Whenever you catch yourself in a 1x thought loop -- you then immediately start pondering: "What is the 10x thought I'm missing out on right now?" ---- TLDR: The first rule of thinking cost is being aware of thinking cost as a concept. The second rule is realising your supercomputer is easy to hack with cortisol thought loops. The third rule is designing firewalls to prevent viruses from getting in. The fourth rule is to action all viruses as soon as they come in. Close the loop. The fifth rule is to use the viruses momentum against itself. When you notice the thought, use it as an alarm clock reminder to open up new 10x tabs.
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