Legal and Accounting Basics for Startups - Kirsty Nathoo, Carolynn Levy

Explore essential legal and accounting fundamentals for startup founders in this 48-minute lecture by Y Combinator's CFO Kirsty Nathoo and General Counsel Carolynn Levy. Dive into crucial topics such as company formation, equity allocation, vesting, fundraising, business expenses, and employment practices. Learn how to properly handle paperwork, set up stock purchase agreements, and navigate common investor requests. Gain insights on hiring and firing employees, maintaining legitimacy, and tracking key metrics. Equip yourself with the knowledge to manage the behind-the-scenes aspects of running a startup effectively, potentially saving yourself from future complications.