Start-up,
Technology,
Innovation.

Events to foster the entrepreneurial spirit.

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September 19, 2017 brian prokopowich0

 

 

Introduction

The case of Hibberd v. Hurricane Hydrocarbons Ltd. involved various issues regarding many stock options that were not exercised that were part of a consultant contract.

 

Facts

If you read through the 150 paragraphs of this case, you might find that the minutiae of details within the judgement are like the digressions on Targaryen history in Game of Thrones, interesting but not exactly necessary information. So I will summarize:

 

The defendants, Hurricane Hydrocarbons Ltd., had engaged the services of the plaintiff, Mr. Hibberd, and his company, for the purpose of raising capital for the defendant to purchase a company in Kazakhstan.  As part of the agreement for the plaintiff’s services, in lieu of money they were verbally offered 100,000 stock options.

A written agreement came into effect for 50,000 with a termination clause that the option may be exercised any time until 60 days after his services are terminated, or before the options expire.

According to the plaintiff – the contractor – who signed off on these options, he was given representations that it was a standard clause and it wouldn’t be exercised.

The plaintiff entered into another agreement for 50,000 stock options that included a termination clause. It was the plaintiff’s understanding that the contract would not be terminated until after the options expired – and this was confirmed verbally, according to the contractor.  Later, the defendant terminated the contract in question. The plaintiff did not exercise his options within the 60 days period of the termination, but he attempted to exercise the option months later.

To finish reading the Clausehound blog: Click Here

This blog was originally posted by Farrah Roahman

Co-authors: Brendan Sheehan and Rajah Lehal

This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk. Clausehound.com is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents to make businesses more productive. Clausehound offers a $10 per month DIY Legal Library which hosts tens of thousands of legal clauses, contracts, articles, lawyer commentaries and instructional videos. Find Clausehound.com where you see this logo.


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September 19, 2017 brian prokopowich0

Aviva Ventures, is looking to make strategic investments ($2-10M) in early-stage, high-growth potential startups in Canada. We’re interested in businesses that will bring new insights, opportunities and value to Aviva Canada, and help us create innovative and disruptive digital experiences for our customers. Due to the overwhelming  success at our first kick at the can- On September 27, 2017 We are coming back for more and hosting our yearly event called “Pitch Day” at our Digital Garage in downtown Toronto. We’re inviting the10 most disruptive Canadian-based startups to “Pitch” their business ideas to a panel of Aviva advisors.

 

Where we invest: 

We want to build a portfolio of businesses that specialize in these four investment areas:

 

  1. The IoT ‘Internet of Things’ (eg new technologies that connect your home, health or car to your smartphone)
  2. Data and analytics (eg machine learning, artificial intelligence and new software technologies)
  3. Distribution (eg new sharing economy platforms)
  4. Innovative customer propositions (eg smarter ways to reach customers, like peer-to-peer platforms)

 

Learn more at: https://www.avivapitchday.ca


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August 31, 2017 brian prokopowich0

Directors – names are (in most jurisdictions) recorded on the public registrar, role is to protect the shareholders, accept some legal liability, vote on company major decisions. No hands on day-to-day activities.

Executive Director – same as above, but also in an executive role (e.g. President), with hands on day-to-day operational activities.

Advisors – No voting rights, usually are experienced or well-connected business people, guide the founders.

 

Compensation may vary for directors/advisors 

I had previously written in this article that whether a company has a board of directors or a board of advisors, compensation is flexible.

A company may choose to compensate either a director or an advisor in cash, with options, a combination of cash and options, cash only, or the company may even choose not to compensate such directors. This is not a critical factor for choosing a board of advisors over a board of directors or vice versa. 

Public company board of director positions can receive seven digit compensation.  At the other end of the spectrum, a startup company more likely can offer options for compensation.  When offering option-based compensation consider the following:

To finish reading the Clausehound blog: Click Here

This blog was originally posted by Farrah Roahman

This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk. Clausehound.com is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents to make businesses more productive. Clausehound offers a $10 per month DIY Legal Library which hosts tens of thousands of legal clauses, contracts, articles, lawyer commentaries and instructional videos. Find Clausehound.com where you see this logo.


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August 25, 2017 brian prokopowich0

  • We are happy to announce that we have launched our StartupTech PRO – Mentor service. This is part of our ongoing support for our members and the startup ecosystem. This will be a monthly service, with a variety of mentors available throughout the month!

    The cost is $10 and that will give you 45 minutes with a StartupTech: Pro-Mentor, and as an added bonus, you will be given 1 Free StartupTech: TO Meetup ticket.

    This is limited to the first 4 people that sign up!

    To register for the event, use the link below fill out the form and time you want to meet with Aileen.

            —>Book Your Mentor Session Here<— 

    ——————————————————————————-

    Drop-in Details: 

    This Drop-in is with Aileen Schultz | Marketing & Digital Business Professional

    Aileen Schultz is the founder of Fractal Scale Inc., a marketing and digital business firm that provides solutions for entrepreneurs and startups that don’t need nor can afford a full-time in-house team.

    Twitter: https://twitter.com/CopyPurest
    LinkedIn: https://www.linkedin.com/in/aileen-schultz-56898889

    Main areas of expertise include:

    · Digital Strategy Development
    · Digital Centric Marketing and Business Planning
    · Social Media Strategy and Maintenance
    · Content Marketing Strategy and Development
    · On Site and Off Site SEO Strategy and Planning
    · Market Centric UX and Site Design

    ——————————————————————————-

    We have partnered with boutique digital business firm Fractal Scale Inc., to bring our members the opportunity to drop in and gain digital business insights. This is for entrepreneurs and startups that have a solid business scope and are hoping to gain an edge from a raw, hands on, one on one, up front discussion with industry professionals. Points of discussion can range from UX, on-site optimization and digital marketing practices to a bigger picture analysis of how digital ties in with your greater business goals.

Hey Brian, get the conversation started!


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    August 22, 2017 brian prokopowich0

                                          

    Bring Your own lunch, or we can provide just use the link.

    —-> Register For Event & Order Food Here <—-

    Featured Speaker (more details below): Aileen Schultz | Marketing & Digital Business Professional

    Featured Topic:

    What does SEO, thought leadership, content marketing, influencer marketing and building domain expertise all have in common? One core strategy – getting to the center of a network (a.k.a “network centrality”).

    Network centrality is an important concept in marketing. It is the root science behind a TON of better known, and high impact methods of growing your idea or brand. This lunch and learn will focus on defining network centrality and what it means to your growth strategy. We’ll look at real-life experiments that used network theories to build centrality. We’ll also learn about ways that you can apply the same techniques to your business, brand or next big idea.

    You will walk away with:

    Understanding: learning the core strategy behind a TON of better-known marketing strategies, like SEO or Influencer Marketing.

    Relation: how it relates to your business and your current growth strategy.

    Application: Some techniques for applying these concepts right away.

    Schedule:

    11:30 am -11:59 am Registration, Grab your food

    12 pm-12:45 pm Event starts at 12 sharp, with Q&A at the end

    12:46 pm -1 pm Networking

    1 pm: Event Ends

    ———————————————————————————–

    Bring your own lunch or We can provide you one for $15.

    Choice of:

    1) Chicken bbq caesar wrap, side noodle salad, apple: https://www.farmboy.ca/kitchen/chicken-bbq-caesar-wrap/ (https://www.farmboy.ca/kitchen/chicken-bbq-caesar-wrap/)

    2) Southwestern veggie wrap, side salad, apple:  https://www.farmboy.ca/kitchen/southwestern-veggie-wrap/ (https://www.farmboy.ca/kitchen/southwestern-veggie-wrap/)

    *Food provided by Farmboy Catering

    By ordering a food item, it will include your event ticket

    We will provide coffee, tea, and bottled water!

    ———————————————————————————–

    About our events:

    StartupTech Unleashed is proud to launch our launch & learn series. We will be providing our Lunch & Learns a few time per month. This is part of our ongoing commitment to provide value to all of our members.

    These services will be provided to all our official StartupTech members, so if you have not signed up as members do that today, our membership comes in a free version and VIP. ( If you have not registered for membership yet we will have membership forms at the event.)

    These services will be provided to all our official StartupTech members, so if you have not signed up as members do that today, our membership comes in a free version and VIP. ( If you have not registered for membership yet we will have membership forms at the event.)

    Plus the sessions will be recorded & slide will be made available for viewing and downloading for our VIP members.

    Slides will be emailed to all attendees of the events

    The format will include 1 to 2 speakers wrapped around a single topic. 45 min long

    Categories we will be covering in the future:

    Legal, HR, Biz 101, Grants, Funding, Dev, Marketing/PR, Empowerment, StartupTech Founders Series among many other topics.

    ——————————————————————————-

    About the Speaker:

    Aileen Schultz is the founder of Fractal Scale Inc., a marketing and digital business firm that provides solutions for entrepreneurs and startups that don’t need nor can afford a full-time in-house team.

    Twitter: https://twitter.com/CopyPurest
    LinkedIn: https://www.linkedin.com/in/aileen-schultz-56898889

    Main areas of expertise include:

    · Digital Strategy Development
    · Digital Centric Marketing and Business Planning
    · Social Media Strategy and Maintenance
    · Content Marketing Strategy and Development
    · On Site and Off Site SEO Strategy and Planning
    · Market Centric UX and Site Design


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    July 25, 2017 brian prokopowich0

    When you’re involved in a contractual dispute, the process for resolving the dispute should be set out in the contract itself.

    If the contract is silent on the point and you can’t resolve your dispute, you will have to use the courts. This can lead to disagreement about which courts have jurisdiction, so it is important to include clauses dealing with both governing law (what law applies) and jurisdiction (which courts can decide a case) in your contract.

    To finish reading the Clausehound blog: Click Here

    This blog was originally posted by Farrah Roahman

    This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk. Clausehound.com is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents to make businesses more productive. Clausehound offers a $10 per month DIY Legal Library which hosts tens of thousands of legal clauses, contracts, articles, lawyer commentaries and instructional videos. Find Clausehound.com where you see this logo.


    StartupTech9.png?fit=810%2C450

    July 21, 2017 brian prokopowich0

    • We are happy to announce that we have launched our StartupTech PRO – Mentor service. This is part of our ongoing support for our members and the startup ecosystem. This will be a monthly service, with a variety of mentors available throughout the month!

      The cost is $10 and that will give you 45 minutes with a StartupTech: Pro-Mentor, and as an added bonus, you will be given 1 Free StartupTech: TO Meetup ticket.

      This is limited to the first 4 people that sign up!

      To register for the event, use the link below fill out the form and time you want to meet with Aileen.

                          —>Book Your Mentor Session Here<— 

      ——————————————————————————-

      Drop-in Details: 

      This Drop-in is with Aileen Schultz | Marketing & Digital Business Professional

      Aileen Schultz is the founder of Fractal Scale Inc., a marketing and digital business firm that provides solutions for entrepreneurs and startups that don’t need nor can afford a full-time in-house team.

      Twitter: https://twitter.com/CopyPurest
      LinkedIn: https://www.linkedin.com/in/aileen-schultz-56898889

      Main areas of expertise include:

      · Digital Strategy Development
      · Digital Centric Marketing and Business Planning
      · Social Media Strategy and Maintenance
      · Content Marketing Strategy and Development
      · On Site and Off Site SEO Strategy and Planning
      · Market Centric UX and Site Design

      —>Book your mentor session here<— 

      ——————————————————————————-

      We have partnered with boutique digital business firm Fractal Scale Inc., to bring our members the opportunity to drop in and gain digital business insights. This is for entrepreneurs and startups that have a solid business scope and are hoping to gain an edge from a raw, hands on, one on one, up front discussion with industry professionals. Points of discussion can range from UX, on-site optimization and digital marketing practices to a bigger picture analysis of how digital ties in with your greater business goals.

    Hey Brian, get the conversation started!


      STARTUPTECH12.png?fit=940%2C788

      July 18, 2017 brian prokopowich0

                                               —-> Register For This Event Here<—-

      Featured Speaker (more details below): Aileen Schultz | Marketing & Digital Business Professional

      Featured Topic:

      Network centrality is an important concept in marketing. It defines how central or core something is to a particular network. This lunch and learn will focus on defining network centrality and what it means to your business. We’ll look at real-life experiments that used network theories to build centrality. We’ll also learn about ways that you can apply the same techniques to your business, brand or next big idea.

      Schedule:

      11:30 am -11:59 am Registration, Grab your food

      12 pm-12:45 pm Event starts at 12 sharp, with Q&A at the end

      12:46 pm -1 pm Networking

      1 pm: Event Ends

      ———————————————————————————–

      This event includes light lunch, coffee, tea, and pop!

      ———————————————————————————–

      About our events:

      StartupTech Unleashed is proud to launch our launch & learn series. We will be providing our Lunch & Learns a few time per month. This is part of our ongoing commitment to provide value to all of our members.

      These services will be provided to all our official StartupTech members, so if you have not signed up as members do that today, our membership comes in a free version and VIP. ( If you have not registered for membership yet we will have membership forms at the event.)

      These services will be provided to all our official StartupTech members, so if you have not signed up as members do that today, our membership comes in a free version and VIP. ( If you have not registered for membership yet we will have membership forms at the event.)

      Plus the sessions will be recorded & slide will be made available for viewing and downloading for our VIP members.

      Slides will be emailed to all attendees of the events

      The format will include 1 to 2 speakers wrapped around a single topic. 45 min long

      Categories we will be covering in the future:

      Legal, HR, Biz 101, Grants, Funding, Dev, Marketing/PR, Empowerment, StartupTech Founders Series among many other topics.

      ——————————————————————————-

      About  the Speaker:  

      Aileen Schultz is the founder of Fractal Scale Inc., a marketing and digital business firm that provides solutions for entrepreneurs and startups that don’t need nor can afford a full-time in-house team.

      Twitter: https://twitter.com/CopyPurest
      LinkedIn: https://www.linkedin.com/in/aileen-schultz-56898889

      Main areas of expertise include:

      · Digital Strategy Development
      · Digital Centric Marketing and Business Planning
      · Social Media Strategy and Maintenance
      · Content Marketing Strategy and Development
      · On Site and Off Site SEO Strategy and Planning
      · Market Centric UX and Site Design


      StartupTech14.png?fit=810%2C450

      July 4, 2017 brian prokopowich0

      Event cost: $15 on Eventbrite and $20 at the door.

      What we are all about:

      This is a perfect event to network with fellow entrepreneurs, startup founders, tech enthusiasts or to just meet new people. Grab a bite and have a great night!

      Who are our members:

      Our events are great for Startups and businesses of all stages of growth our members range from the following tech circles:

      • RealTech • MarTech • CleanTech • FinTech • MedTech • EdTech • Wearables •AR/VR
      • IOT • Big Data and so much more.

      Our structure is we host an informal fireside chat with a featured speaker, Q & A session and open networking.

      Featured Speaker: Steve Woods, CTO of Nudge.ai

      Description: Nudge is a Modern Sales Platform that leverages relationship strength to help you find and keep your best customers. By connecting to email, calendar, and social media, Nudge brings your network together and tracks the strength of relationships. Nudge surfaces opportunities to engage the right prospects, customers and influencers that can grow your business. Nudge allows you and your team to

      Partnership Presenters:

      Frank Goortani: Dojojobs.com

      Ryan Spinner: Aviva Ventures

      Nikki Mobini: Think Tank

      ———————————————————————

      The structure of the event is below:

      6:30: Doors open, Registration start’s and open networking till 7 pm

      7:01 pm-7:09 pm: Introductions to StartupTech Unleashed & sponsors

      7:10 pm-8:00 pm: Interview & Q&A session with our featured speaker.

      7:40 pm- 8:30 pm: Open networking.

      8:30 pm: Closing remarks.

      ——————————————————-

      Bonus: Free pizza and fantastic door prizes.

      —————————————————–

      Sponsors:

      We would like to thank all our sponsors for helping make the StartupTech Unleashed events possible.

      ClauseHound: Is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents that make businesses more productive.

      Verkspace: One of Toronto’s newest coworking experience in collaborative/community/shared workspaces located in Old Town. The beautiful space features a lounge and great areas designed to get work done and concierge services.

      Conference Cloud: Is a next generation virtual attendance platform specifically designed for conferences to scale audiences and monetize their content. ConferenceCloud gives you a simple way to stream your conference live and help recover foregone revenue. Provide a truly unique digital attendee experience and with ConferenceCloud.

      Skyphone: SkyPhone is a smartphone number in the cloud that manages all incoming calls into your business and directs them to the right person on your team regardless of their location or what type of phone they’re using.

      Arvuu Inc.: An interactive marketing company focusing on Augmented Reality and traditional marketing. The launched their own augmented reality viewer called ARenginePRO so that anyone can create their own projects.

      Infotech Union: The free private community for professional {tech} Freelancers and Contractors to share new Opportunities, Projects, and Contracts.

      DojoJobs: Your one stop solution for pre-vetted senior developers & IT talent. Are you looking to hire top talent for remote, contract or full-time talent. Are you a developer looking for pre-vetted contracts. Then Dojojobs.com the answer!

      ————————————————————————————————————————

      Disclaimer: By signing up or attending any STU meetup event, you agree that StartupTech Unleashed may record or photograph the Event, (including You, your likeness, voice, image and any guest you bring), and use it publicly or privately in any form of media, including for commercial purposes.

      The date, time and locations are subject to change without notice. We do not offer refunds however if you are unable to attend we may be able to provide you a ticket to another event. If you have any questions please do not hesitate to contact us.


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      June 6, 2017 brian prokopowich0

      Event cost: $15 on Eventbrite and $20 at the door.

      What we are all about:

      This is a perfect event to network with fellow entrepreneurs, startup founders, tech enthusiasts or to just meet new people. Grab a bite and have a great night!

      Who are our members:

      Our events are great for Startups and businesses of all stages of growth our members range from the following tech circles:

      • RealTech • MarTech • CleanTech • FinTech • MedTech • EdTech • Wearables •AR/VR

      •IOT • Big Data and so much more.

      Our structure is we host an informal fireside chat with a featured speaker, Q & A session and open networking.


      Featured Speaker: Aaron Lyon Phillips, Founder & CEO

      Description: AP1’s solutions are designed to enhance the utility of existing mobile applications and can be integrated with other datasets to ensure Business Intelligence are accurate and comprehensive.

      Pitch2Peer: The companies below will be pitching the business to the group. Then the group will pick the winner! What better way than to get up in front of people and try your best, you are among your peers where we will support you and will provide valuable feedback. Plus you get to win a prize for your efforts.

      1) TBD

      2) TBD

      3) TBD

      ———————————————————————

      The structure of the event is below:

      6:30: Doors open, Registration start’s and open networking till 7 pm

      7:01 pm-7:09 pm: Introductions to StartupTech Unleashed & sponsors

      7:10 pm-7:39 pm: Interview & Q&A session with our featured speaker.

      7:40 pm- 8:00 pm: Pitch2Peer 3 companies will pitch their business to the group

      7:40 pm- 8:30 pm: Open networking.

      8:30 pm: Closing remarks.

      ——————————————————-

      Bonus: Free pizza and fantastic door prizes.

      —————————————————–

      Sponsors:

      We would like to thank all our sponsors for helping make the StartupTech Unleashed events possible.

      ClauseHound: Is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents that make businesses more productive.

      Verkspace: One of Toronto’s newest coworking experience in collaborative/community/shared workspaces located in Old Town. The beautiful space features a lounge and great areas designed to get work done and concierge services.

      Conference Cloud: Is a next generation virtual attendance platform specifically designed for conferences to scale audiences and monetize their content. ConferenceCloud gives you a simple way to stream your conference live and help recover foregone revenue. Provide a truly unique digital attendee experience and with ConferenceCloud.

      Skyphone: SkyPhone is a smartphone number in the cloud that manages all incoming calls into your business and directs them to the right person on your team regardless of their location or what type of phone they’re using.

      Arvuu Inc.: An interactive marketing company focusing on Augmented Reality and traditional marketing. The launched their own augmented reality viewer called ARenginePRO so that anyone can create their own projects.

      ———————————————————————————————-

      Disclaimer: By signing up or attending any STU meetup event, you agree that StartupTech Unleashed may record or photograph the Event, (including You, your likeness, voice, image and any guest you bring), and use it publicly or privately in any form of media, including for commercial purposes.

      The date, time and locations are subject to change without notice. We do not offer refunds however if you are unable to attend we may be able to provide you a ticket to another event. If you have any questions please do not hesitate to contact us.