Start-up Corner: Fiduciary Basics for Founders and Investor Board Members

Jim Ryan, start-up columnist for The Journal of Robotics, Artificial Intelligence & Law, authored the article “Fiduciary Basics for Founders and Investor Board Members” on the fiduciary duties under Delaware law for entrepreneurs and investors.

Entrepreneurs and their investors often hold more than one role at the same time. For example, an entrepreneur may be the founder and a board director and an investor may be a partner of the fund that appointed them to the start-up’s board as well as duties to the start-up. Given this complexity, it is worthwhile for both new and experienced serial entrepreneurs and venture professionals in this space to go back to the basics and consider the baseline expectations that are incumbent upon a fiduciary.

Read the full article.