Tech in Two Minutes/Lifecycle of a Tech Startup - Essentials for e-commerce businesses in the UK | KN Talks

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In the ninth episode of our Tech in Two Minutes podcast and in conjunction with our lifecycle of a tech startup series, Alex Torpey, Associate in our Corporate and Commercial team speaks about the legal notices and key points to note for online retailers and platform operators in the UK.

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Lifecycle of a tech startup series

Episode 1

Case study

Welcome to the first blog in the series on the lifecycle of a tech startup.

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Episode 2

The basics

Last time we met the founders of a wearable tech startup, who wanted to take the next steps towards establishing their business.

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Episode 3

Intellectual Property

As part of the incorporation process, our founders started to think about any intellectual property rights (IPRs) the business was using and ownership of the same. In this blog we shall be exploring the IP considerations founders should be considering in a bit more detail.

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Episode 4

Preparing to raise investment

In the last instalment we talked about the ways in which the founders of KNow Wear Limited could protect the intellectual property in their business. Since then, the business has been progressing well and our founders have been working on developing a prototype.

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Episode 5

Tech in Two Minutes/Lifecycle of a Tech Startup - Essentials for e-commerce businesses in the UK

Alex Torpey speaks about the legal notices and key points to note for online retailers and platform operators in the UK.

Listen to the podcast

Episode 6

Tax reliefs

After a brief detour to consider the essentials for e-commerce businesses in the UK in episode 5, you and the other founders are now once again focusing your efforts on raising investment.

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Episode 7

Seed raise

Having decided in episode 4 on targeting angel investors to raise £500,000 investment in the business, the founders of KNow Wear Limited researched various angel investor networks which aimed to connect startups like yours with angel investors. You applied to pitch at a couple of events and were invited by one network to interview with them in person.

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Episode 8

Employees and Consultants

Having completed the raise, you, Sarah and Chris have decided that you need more help in developing and marketing the product. You are looking to create two new roles in the business - the first is a Software Developer to support Sarah’s work and the second is a Head of Marketing.

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Episode 9

R&D tax relief

Knowledge of the UK tax system is valuable for any UK business owner, start-ups can dramatically improve their chances of success by ensuring they claim the various tax reliefs and incentives available.

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Episode 10

Obtaining a Sponsor License

Following their seed raise and having secured some additional capital through an R&D repayment claim KNow Wear Limited have identified some overseas talent that they would like to hire to help to expand the business.

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Episode 11

Directors' Duties

As a director you owe duties to the company and in certain circumstances to the company’s shareholders, employees and creditors. Breaching these duties can lead to civil or criminal penalties and so you have asked the company’s lawyers to remind you of the duties that apply to you as a director.

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Episode 12

Incentivising Employees

KNow Wear Ltd is now starting to flourish. The sample products manufactured in Burnley have tested above expectations and the company is looking to take on new staff to build out the sales and development teams. It has a difficult task now however – how does it hire the best staff, when it can’t offer the best salaries?

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Episode 13

Data Protection

In advance of trialling the product with a test group of 100 consumers you, Sarah and Chris are now turning your attention to compliance with data protection legislation, given that the trial phase will mark the commencement of the company processing a significant volume of consumer personal data.

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Episode 14

VC Investor

The EMI share options which KNow Wear Ltd granted to Aggie and Edith in episode 12 have really worked to incentivise them; and thanks in large part of their efforts, the company is getting lots of advanced orders for the product. In order to ensure that the company has enough bandwidth to keep up with demand, you, Sarah and Chris have started to think about raising more funds.

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Episode 15

Founder Fall-Out

KNow Wear Limited has been going from strength to strength and is now looking to expand and market the product overseas. Chris has concerns about the business taking time away from his family and he is now looking for a less-demanding role. You, Chris and Sarah have an informal meeting to discuss Chris’ role in the business and the future of KNow Wear Limited.

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Tech in Two Minutes/Lifecycle of a Tech Startup - Essentials for e-commerce businesses in the UK

Other episodes:

You may also be interested in:

→ Commercial & Technology Contracts, Outsourcing & Data

→ Corporate, Commercial & Finance

Lifecycle of a tech startup series

Episode 1

Case study

Episode 2

The basics

Episode 3

Intellectual Property

Episode 4

Preparing to raise investment

Episode 5

Tech in Two Minutes/Lifecycle of a Tech Startup - Essentials for e-commerce businesses in the UK

Episode 6

Tax reliefs

Episode 7

Seed raise

Episode 8

Employees and Consultants

Episode 9

R&D tax relief

Episode 10

Obtaining a Sponsor License

Episode 11

Directors' Duties

Episode 12

Incentivising Employees

Episode 13

Data Protection

Episode 14

VC Investor

Episode 15

Founder Fall-Out

Podcast

Tech in Two Minutes Podcast Series

Blog

Lifecycle of a tech startup series: Intellectual Property

Video

Top tips for drafting online consumer terms and conditions

Blog

The new cookie conundrum

Video

Cloud software contracts - Top tips for suppliers

Blog

Software support helpdesk services – key contracting principles

Blog

Framework Agreements: the customer contract model for technology service providers

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