Twiistup

Stayed over at a friend's last night in Santa Monica, so that I could attend the Twiistup event that was held at the Skirball Cultural Center today. Although I was mostly helping out at the registration and did get a peek here and there to listen to the panel speakers at the conference. Very interesting topics were covered about start-ups. Amazing to hear people with much passion speak and give in put on their experiences and recommendations.

On another note, Zach also brought in an internet lawyer for our Wednesday night class. Without question, starting up a business is involves a lot of planning, logistics, and intricate decisions. However, I was shocked by all the different regulations and law practices a company needs to follow. Besides understanding all the internet privacy policy rules, an entrepreneur must recognize and foresee obstacles to be able to protect him/herself. While a companies may have a great concept model and business plan, sometimes they fail due to internal disputes and disagreements. Our guest speaker talked about Partnership Agreements and Work for Hire Agreements. It's important for the owner to make sure and communicate clearly about their goals and objectives when dealing with other individuals, whether it's within the company or third party. Funny how the issues he preached about seem so logical, yet people often times overlook out of carelessness.