Coast Guard 47' Motor Lifeboat in Morro Bay, CA 04 Dec 2007

Editors note: This a guest post by Rajah Lehal, a Toronto based startup lawyer, who assists early and growth-stage entrepreneurs.

Like insurance, legal documentation can give business owners migraines, but it can also provide peace of mind. I’ve seen many situations where the natural course of a business forced founders (and us) to work backwards to try to fill in a gap (such as chasing their contributors to assign intellectual property back to the company, or signing a consulting agreement after the consulting engagement is over).

Doing these five simple things today can save you money and time later.

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The following story is about Flowtown – a startup I co-founded with Ethan 2 years ago. In it, I’ll go over; how we got started, raised a venture round, scaled to over 25,000 businesses, hit a wall and built it all back up again. Entrepreneurship is about crazy highs and intense lows and the ability to get through those tough moments.

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Scenes from the Year One Labs Google Hackathon

Ben Yoskovitz is a founding partner at Year One Labs, an early stage accelerator in Montreal. Previously he founded Standout Jobs (which got acquired). Follow him on Twitter @byosko and subscribe at Instigator Blog.

We’ve learned a lot launching and running Year One Labs. And we’ll continue to learn. Here are 7 lessons learned that I hope you’ll find useful:

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Brian Wong - Kiip - Canadian

Editor’s note: This is a guest post by Brian Wong. Brian is the founder of Kiip (pronounced “keep”), a mobile rewards network that has raised over $4.4 million in funding. Wall Street Journal called Brian the “youngest person to ever receive funding by a venture capital firm“.

He was an early Bachelors of Commerce graduate from the University of British Columbia, graduating at the age of 18, after skipping four grades in elementary and high school. He was recently lauded in Mashable as one of “The Top 5 Young Entrepreneurs to Watch”, and the Vancouver Sun called him “a budding internet visionary”. He was also recently a recipient of the Top 20 Under 20 awards in all of Canada.

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Validated Learning

Validated by boutmuet, on Flickr

Most startups fail because they run out of time or money before they find a product that meets a market demand. In today’s world of platform API’s, cloud computing and outsourced engineering – it’s not “can you build it?”, it’s “should you build it?”.

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