Join us in this compelling episode of "These Three Things" as we explore the essential legal dimensions of startup success and expansion. Our guests, Edwin Lim and Calvin Luo, experienced corporate and commercial lawyers from Hudson Gavin Martin, offer their deep insights and expertise. This episode sheds light on vital areas such as intellectual property protection, the dynamics of capital raising, and strategic risk management. Discover the significant value that legal professionals bring to founders on their journey toward commercial and international success. Whether you're at the helm of a startup or dreaming of entrepreneurial achievement, this discussion is packed with practical advice on navigating the complex legal landscape of the tech and startup world. Tune in to gain invaluable knowledge and understand the importance of pragmatic legal guidance in shaping your startup's future. -------------------------------------- 00:00 In This Episode 00:33 Intro 01:04 Today's guests 03:05 Edwin's background 05:52 Calvin's background 07:27 About the role of lawyers 10:36 The process of working with founders 14:22 About mitigating the risks 20:48 Our Sponsor 21:28 Discussing potential risks with your lawyer 22:03 Do lawyers make decisions for a business? 23:22 Why is it better to have a pragmatic commercial lawyer? 26:09 Reasons why companies consider raising capital 30:15 What are the definitions of each investment round? 34:22 Match funding programs explained 37:05 Can expectations of investors and founders mismatch? 40:13 How can founders lower the risks? 43:14 Investors & founders - examples of mismatched expectations 45:10 Founder's investment expectations - what to watch out for? 50:39 What's the smartest way to engage with a legal firm? 55:32 What do their clients ask them about? 57:43 Why law is a creative subject 59:14 The Tree Learned Things 01:04:48 Outro --------------------------------------