Explaining Profits Interests and Their Tax Consequences

By: Joseph E. Hunt Equity incentives are an important form of compensation in many types of businesses and are especially important at the start-up phase when only limited funds may be available to pay cash compensation. Entrepreneurs familiar with the corporate form of business likely have received equity incentives themselves, possibly in the form of …

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MassChallenge Awards cleancult with $50,000 Gold Prize

On October 17th, MassChallenge held an award ceremony to announce the winners of the $1 million in cash prizes as part of its 2018 Boston Startup Competition and Accelerator. Awards were handed out to 15 of the Accelerators highest-impact finalists from the original 128 startups admitted into the program. MBBP client cleancult was named a $50K Gold Winner for …

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Giant Otter Named Finalist in Harvard President’s Challenge

On March 14 MBBP client Giant Otter Technologies was announced as a finalist in the President's Challenge, a Harvard University competition created to foster cross-disciplinary entrepreneurial ventures that will have profound social impact. Giant Otter is one of ten early-stage, student led teams selected as finalists that will now spend six weeks on an accelerated path to …

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Giant Otter Co-Founders Interviewed by NECN

On September 6, New England Cable News (NECN) interviewed MBBP client Giant Otter Technologies, a start-up that builds simulations to teach social and communication skills using crowdsourced artificial intelligence. Giant Otter is a finalist for MassChallenge, a four month accelerator program, and is in the running to receive the $100,000 grand prize. NECN interviewed Giant Otter …

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Crowdfunding of Early-Stage Businesses Gaining Momentum

By: Carl Barnes Crowdfunding – in which entrepreneurs and start-ups use the internet to raise capital in small amounts from large numbers of ordinary investors – may be on its way to becoming a realty. For the moment, crowdfunding is virtually impossible under the federal securities laws. But even SEC Chairman Mary Schapiro acknowledges that crowdfunding is …

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