The basic difference between a board of directors and a board of advisors is that the former is a legal requirement and has fiduciary duties to the shareholders of the corporation and the latter is not a requirement and bears no legal responsibility to the shareholders of the corporation. The board of advisors concept was [...]
On November 10, 2009 I attended the inaugural FashInvest conference in New York entitled “From Concept to Capital.” Karen Griffith-Gryga and David Freschman, the founders of FashInvest, put on a wonderful event and are definitely heading in the right direction to bring venture capitalists, entrepreneurs and branded and fashion company executives together under one roof. The [...]
Chris McDemus is founder of VC Deal Lawyer, a blog devoted to providing insights on start-up and emerging growth companies. Chris is also founder and owner of MCD Law Partners, LLC, a boutique corporate law firm serving start-ups, early-stage and emerging growth and middle market companies.
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