Advising Entrepreneurs on Business Formation, Funding and GrowthExclusive Interview with
Peter Rothberg, Duane Morris LLP
The challenges of forming and growing an entrepreneurial venture are formidable – particularly in such a challenging financial market where funding is tight and exits are few and far between.
However, according to Peter Rothberg, a partner at Duane Morris LLP, there are many things an entrepreneur can do to build a foundation for growth and success, starting with the proper business structure to limit financial liability and help position the company to weather any circumstance.
In addition to the proper corporate structure, Rothberg discusses why every entrepreneur should have a business plan to help build a strong foundation. And contrary to what many believe, it’s real value is not for presenting to investors. According to Rothberg, “the consensus of the venture capitalists that I know would tell you that the business plan is not for them, the business plan if for the entrepreneur.”
While Rothberg provides a strong framework for building a business, he also is quick to remind clients and other attorneys advising entrepreneurs that “the entrepreneurial mission is something that does not have a set track to it.”
“Things change,” says Rothberg. “Things that you thought were going to happen tend not to happen or they don’t happen as rapidly as you thought. It takes longer to get the financing that you need than you thought it would and your partners might not always be there with you and be as fully supportive as you thought they were going to be.” Adds Rotheberg, “So you have to be flexible and you have to expect the unexpected.”
View and download a PDF transcript of the full interview here.
Peter W. Rothberg
Partner, Duane Morris LLP
Peter W. Rothberg practices in the area of corporate law with a focus on corporate securities, venture capital, mergers and acquisitions, financial transactions and digital media company representation. Mr. Rothberg serves as outside general counsel to venture capital funds and to private companies involved in a variety of industries, particularly in connection with financing and acquisitions transactions, including venture capital and private equity fund investments in such companies, private placements of securities, bridge financings, IPOs and public and private mergers and acquisitions. He also represents a life insurance premium finance agency in matters related to regulatory issues as well as lending and borrowing transactions.
Mr. Rothberg is a graduate of Georgetown University Law Center, where he was a member of the editorial board of Law Policy in International Business, and a summa cum laude graduate of Bowdoin College, where he was a James Bowdoin Scholar.
District of Columbia
Georgetown University Law Center, J.D., 1977
Bowdoin College, A.B., summa cum laude, 1974; James Bowdoin Scholar
New York, NY 10036-4086
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To see a full bio, visit: http://www.duanemorris.com/attorneys/peterwrothberg.html
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