How Startups Pay Employees With Limited Capital and No Profit [e264]

April 13, 2016

Click here to read HubSpot’s response on this topic.

Nasir and Matt discuss the trend in startups to compensate programmers and other early employees with stock options and how the company culture at HubSpot isn’t what it seems.

Full Podcast Transcript

NASIR: Welcome to our podcast where we cover business in the news and add our legal twist to that business news.
My name is Nasir Pasha.

MATT: And I’m Matt Staub.

NASIR: Why are you laughing? Is it too formal or what?

MATT: No, it wasn’t too formal. It was just, uh, interesting breaks and peaks in your…

NASIR: Oh, because, well, the reason is because I was starting to think about what the name of our podcast is because, you know, since I never say it in our intro anymore, I almost forgot what it was.

MATT: There’s somebody else that does the intro, says the name, says our names, and then we immediately just repeat it.

NASIR: Well, we don’t say the name of the podcast which, for the life of me, I can’t remember what the name is, but that’s okay.

MATT: I say it at the end, I guess – in a way, I do.

NASIR: Uh, keep it sound and keep it smart?

MATT: Yeah, close enough. I hope you went to that game on…

NASIR: I did watch it. The final?

MATT: Great game, yeah.

NASIR: You know me. It’s surprising that I sat through a game that I have no idea who the teams are or players are but, yeah, it was a great game. I think I just watched the last half.

MATT: Yeah, the whole game was good but the last half was good. Yeah, my wife did the same thing. If she’s able to watch a whole half of basketball, you know it was a good game.

NASIR: Yeah, exactly, and we’re talking about the… uh, what are we talking about exactly? I just want to make sure we’re talking about the same thing.

MATT: College basketball.

NASIR: Oh, yeah, yeah, college.

MATT: Because it was in Houston, that’s why I bring it up.

NASIR: Yeah, we’re talking about the same thing.
Anyway, what have we got today?

MATT: You know, this is a topic that – I’m assuming you do as well – I seem to talk about it all the time with people – mostly with startup companies. We’re going to go through an actual company and kind of the tribulations that they’ve had. So, you have a startup company. Oftentimes, you have multiple people that are involved. Unless you get some sort of investment right away or unless one of the founders has some money from some other source or some money to pump through, they’re pretty handcuffed in terms of money they can pay out to people that are performing services for them which – you know, this is just a complete estimate I should say – over 90 percent of startups – and I use “startups” loosely – probably have this issue.

NASIR: The so-called “tech startups” or kind of dotcom startup.

MATT: Well, I think tech is a classic example because all businesses can probably use some sort of programming or tech person, but the tech ones in particular obviously have this huge need. And so, oftentimes, what happens for these startups, it’ll have the means to pay people. You know, we’re just talking minimum wage. We didn’t even talk about that yet but, in California, it was going to be quite the increase here in the next few years.

NASIR: $15.00 – and New York.

MATT: New York as well, that’s right, but we’ll talk about that at a later time.

NASIR: I think we have a story about it.

MATT: Yeah.

NASIR: Yeah.

MATT: So, in lieu of paying these people at least minimum wage, they pay them nothing but they pay them in equity meaning that – well, only if you stock in this company or membership interest if it’s an LLC – in exchange for your services, the one thing that they often do though is they tie it into some sort of vesting schedule. So, in order for this person to receive this, you know, think about it this way – we’re going to give you five percent of the company which is probably pretty high but we’re going to give you five percent for doing the work you’re going to do as a programmer. But the catch is you have to work with us for two years. Essentially, this person is not getting paid for their work for two years and that’s assuming they see out the whole thing. And then, even if they do see it out, you know, it’s very possible that that stock is even worse than anything at that point.

NASIR: In fact, it’s likely that it won’t.

MATT: Yeah.

NASIR: And, here’s the thing, that happens all the time and the problem is that there are a ton of popularized success stories of startups that have just went through that same process. And so, it’s like, “Okay. Well, everyone else does it,” and that’s partly true – this whole startup world definitely has been romanticized. I mean, there’s no doubt about that, right? When we talk to these clients, they kind of have a preconceived notion on how things should go. Even, frankly, startup attorneys or so-called startup attorneys or attorneys in Silicon Valley that are living and breathing in this world, they have this kind of style and approach to things that aren’t necessarily how things go in regular business world. Again, maybe it’s that culture or not, but there is definitely some drawbacks to that, and that’s what’s interesting about this guy.

MATT: Dan Lyons?

NASIR: Yeah, Dan Lyons. He’s a former employee of HubSpot and he wrote this book about his so-called misadventure in this startup bubble and it’s called Disrupted. He’s pretty critical of HubSpot and their kind of so-called culture which is very fitting to the romanticized culture of many startups and he’s one of the writers of that show, Silicon Valley, on HBO, right?

MATT: Well, I think he started this fake Twitter profile. Was that for Steve Jobs?

NASIR: Yeah.

MATT: I can’t remember.

NASIR: Fake Steve Jobs, basically – Fake Steve, I think it was called.

MATT: Yeah, the Fake Steve Jobs, but now he’s a writer for Silicon Valley. We’ve talked about the show a couple of times and I think we’ve even both mentioned that they have to have somebody. They have to have at least one writer – possibly a couple – that have some knowledge of the startup – not only the legal aspect but kind of the actual practical side of startups and what the reality side of it, what really happens.

NASIR: That’s right.

MATT: Because a lot of the plots and subplots are based off of things that we see all the time and are very common to startups. I think one of the last episodes – maybe the finale – was all centered around this employment agreement that became voided or was ruled invalid because it had a non-compete in it which is illegal in California and all this stuff which, for people that aren’t familiar with the law…

NASIR: I don’t think it works that way.


NASIR: Just because it’s a non-compete doesn’t mean that the whole agreement’s invalid which I don’t know what the details of the episode was.

MATT: Yeah. You know, they needed a way to get out of it but it was pretty funny.
We’ll post this guy’s account of the situation of – was it HubSpot?

NASIR: Yeah, have you heard of HubSpot? It’s this marketing company. They focus on marketing software. I think that’s their bread and butter. I’ve actually looked into them a while ago and what I had trouble with was it was very hard to ascertain what they did. Like, basically, to actually get prices and to figure out what services they provide, you’ve got to basically talk to sales people. It wasn’t very transparent. I was like, “Forget that. I don’t want to go through that. I’m not that interested in it.” But I understand that everything from social media to email marketing to analytics. I’m sure they do much more now than they used to but they are a publicly traded company now.

MATT: Yeah, and I think that’s one of the things that this Dan guy says. They built this whole culture around all these different things and it’s all kind of inflated and the underlying part when he was there is they weren’t even turning a profit. It was just really pumping in all this enthusiasm throughout everybody to really get people working hard. On the flip side of it, too, they were giving basically they turned it into – from the way he describes it – like, a playground. You know, give all these people all these fun things to do. Make it a really fun culture and maybe that way they’ll forget about the fact that they’re not really getting paid at all.

NASIR: Or paid much.

MATT: Yeah.

NASIR: I’m sure they’re getting paid now but in the beginning at least.

MATT: I thought I saw there was a mention at some point of an amount they got paid in addition to the stock.

NASIR: That’s the thing. The stock options, first of all, they’re publicly traded and I’m looking at – for those that actually trade – their operating margin and net profit margin is -25 percent in 2015 and they have yet to run a profit. Yet, somehow, they have 1,000-plus employees and doing what? God knows what they’re actually selling or doing but they’ve been publicly traded since October 2014. The stock is trading just about – I don’t know – about 10 points above their original – I’m sorry – about 30 points more than their original IPO.

MATT: Looking at their IPO in 2014, they had a valuation of 1.5 billion – again, this got emphasized – they haven’t made any profit yet.

NASIR: Yeah, and their market cap is about 1.5 billion.
To give you an idea of their corporate culture, there’s this blog post from January 6, 2010 and this Lyons guy references their vacation policy. It’s basically I think Brian Halligan – which may be the CEO or not – he writes this post, an announcement on January 6, 2010 basically saying Mad Men inspires HubSpot’s new vacation policy. And so, you get an idea of where this is going already. He basically starts out, “I’ve been watching Mad Men recently and it’s remarkable how much corporate culture has changed in the last fifty years.” And then, it goes on to that end. “We announced our new vacation policy this week. Our new vacation policy is that there is a no-vacation policy. No paid time-off. No vacation rollover. Nothing. If people want to take off, then they take off.”
Okay. That’s interesting. I read through it; it’s still not clear what exactly that means. But, based upon what Lyons is saying, it seems like it’s just unpaid vacation and you just leave and you don’t get paid for it and it’s ambiguous if you’re on salary whether you get paid or not. I’m not following it but, based upon what Lyons is saying, basically, when they terminate the employee, they don’t have any saved up vacation time so they don’t have to pay for that. Most likely, it seems like it’s unpaid vacation, right?

MATT: Yeah, I would guess, and it really is a double-edged sword here. “Yeah, okay, here’s the thing. We’re giving you unlimited vacation but it’s (1) most likely unpaid so you’re taking time off and you’re not making anything; and then, (2) it’s unlimited but, if you overuse it – and probably their definition of overusing it is a lower amount – guess what – they’re probably going to terminate you.” And so, I think that would make people very reluctant to use a lot of this vacation time. I mean, unlimited vacation time just doesn’t really ever seem to work in my opinion. I like companies that do the mandatory vacation time because people do get burnt out. But, unlimited, you just never know what the right answer is on how much time you’re supposed to take off.

NASIR: What’s weird is, I mean, Lyons, he tears them apart. I mean, the New York Post did kind of a summary of some of the things that he talks about. I didn’t actually read the book but he tears them apart – everything from how they’re getting paid to how basically the CEO and the officers are basically marketing people that are salesmen to just tell people how great their company is and they get their customers by spamming and they send a bunch of spam every day and that’s how they get their customers, supposedly, and how it has this very cult-like atmosphere. This New York Post article continues to compare the culture of HubSpot to Scientology and they talk about the employees go through these tests in the beginning, so-called pseudo-personality tests and get asked questions like, “How weird are you from one to ten?” This is really about the romantic nature of people – what they think of startup culture. They think of the Apples and the Googles of the world and how they started in a garage. The reality is that how that translates to real life is kind of a pipedream in many ways and we see this personally with how clients want to structure their companies – not even business owners but a lot of people that come to us that are joining a startup. They have a lot of intellectual capital with them. They’re smart, intelligent, and they’re being asked to work for free in exchange for equity. Again, a pipedream.

MATT: Yeah, that’s kind of the warning to the individuals here that are getting into these situations. You’ve really got to know the situation before jumping into it – you know, before investing too much time. I think it’s fine if you see the idea and you invest a little time into it and, if it doesn’t work out, you kind of go your separate ways. But, if you’re like one of these situations where you’re putting in essentially full-time – more than full-time probably – and you’re really not getting much in return. Yeah, they might give you all these cool perks that are at the place that you’re working at but you’ve got to look at things from a macro view and see that it’s really not worth it and you’re getting treated pretty poorly and it’s probably not going to work out for you long-term. Like we said at the beginning, the odds of any sort of stock option turning into something are fairly slim.

NASIR: Especially a company that’s not making money because, in that scenario, and there’s plenty of companies that don’t make money that’s publicly traded. That may not be the issue but, in those scenarios, the people that win are the founders and the VCs before IPO, right? But, after that, it’s like those stock options are, until it turns a profit, right? There’s always exceptions, of course, and we’ve seen it with Twitter and I can’t remember. Facebook was profitable when IPO, too. But there’s been others that weren’t profitable right away.

MATT: Like I said, we’ll post his account – Dan Lyon’s account – of working there. The one I thought was particularly interesting was the employees have to wear rubber bracelets containing transponders which are needed to lock and unlock doors moving around headquarters which, of course, means they can track you at all times if you’re wearing it – something I assume that these people would figure out at some point.

NASIR: And we forgot to talk about the whole FBI scandal with this because, when he was releasing his book or something – I don’t know all the details but this is my understanding – the FBI did this investigation which apparently they ended up clearing them but there was some allegations that somehow they were trying to shut down this book by lines that it was being made and there were some allegations of hacking into email because they were trying to get a draft. Because of that investigation – or as a result of or afterwards – some people resigned and even the CEO of HubSpot was reprimanded to some extent regarding this whole activity. You have to accept that there must be some truth to what this guy is saying. I think it’s a credible source.

MATT: Yeah. So, what’s our…?

NASIR: How weird are you? From one to ten?

MATT: I don’t know how to answer that.

NASIR: I know, it’s such a silly question. I would say six for you.

MATT: Yeah. Okay, I’ll take that. For you, probably eight, eight and a half.

NASIR: Wow. That’s weird. What were you going to say?

MATT: I was going to say I don’t even know. For the takeaway in this case, well, I get it’s more for the individual perspective but I guess, from the business perspective or business owner perspective, treat the people that you bring on as part of your team, treat them appropriately and just because you offer them nice perks at the place of your office doesn’t mean that they’re enjoying their time. If you treat them well and you give them something good out of it, they’re going to stick around for the most part.

NASIR: I would also take what you read on the internet or from these so-called young CEOs and young and fast-growing companies and what they do, take it with a grain of salt because what made them successful is not necessarily because they had this great so-called “company culture.” Sometimes, there’s luck involved. Sometimes, there’s an actual product that they happen to do well. But, I’ll tell you this, I don’t think a company is successful because they have a no-vacation policy or little weird things like that. Some things don’t have to be reinvented, you know? Where it comes from, the no-vacation policy is because they feel like work and life has no separation – that life is your work. That’s where that no-vacation policy kind of bugs me a little. It’s not practical. It doesn’t fit realities of people’s lives. People want some kind of structure.

MATT: Right, exactly.
I think we offered some good takes on this one.

NASIR: Yeah, I think so, too.
All right, thanks for joining us.

MATT: Yeah, keep it sound and keep it smart.

Raising capital for a business can be daunting


The Podcast Where Nasir Pasha and Matt Staub cover business in the news with their legal twist and answer business legal questions that you the listener can send it to

Get Business Legal Updates

Please provide your full name.
Please provide a valid email address.
We respect your privacy, and we will never share your information. Unsubscribe at any time.
Legally Sound Smart Business cover art

Legally Sound Smart Business

A business podcast with a legal twist

Legally Sound Smart Business is a podcast by Pasha Law PC covering different topics in business advice and news with a legal twist with attorneys Nasir Pasha and Matt Staub.
Apple Podcast badge
Google Podcast badge
Spotify Podcast badge

Latest Episodes

November 21, 2023

In this episode, Nasir Pasha and Matt Staub explore the legal implications of Artificial Intelligence in the business world. They delve into the most talked-about issue of 2023: AI and its impact on the legal landscape. Although AI isn’t necessarily a new topic, it has many unanswered questions in the legal world. Nasir and Matt…

July 12, 2023

In this episode, Attorney Nasir Pasha and Attorney Matt Staub delve deep into the complexities of mass layoffs and offer valuable insights, real-life examples, and practical advice to employers grappling with the aftermath of such challenging situations. Nasir and Matt emphasize the critical importance of effective communication when executing mass layoffs. They stress the need…

January 9, 2023

As the COVID-19 pandemic swept across the globe, businesses scrambled to adapt to the new reality it presented. In this blog post, we dive into the case of Goldman Sachs, a financial services giant, to examine their response to the crisis and the lessons other businesses can learn from their return-to-office strategy. From prioritizing employee…

October 28, 2022

Full Podcast Transcript NASIR: Finally, my two favorite worlds have collided – both the law and the chess – right here at Memorial Park in Houston, Texas. Windy day. We have some background noise – ambient noise. What are the two worlds that collided? Well, Hans Neimann has sued Magnus Carlsen for defamation in one…

September 26, 2022

Through a five-round championship bout, Matt travels to Texas from California to determine which state is better for business. Will it be a knockout with a clear winner or will it go to the scorecards?

July 7, 2022

Whether you are buying or selling a business, the transaction goes through the same steps. However, they are viewed from different perspectives. Sellers may not want to fully disclose all the blind spots while Buyers will want otherwise. Nasir and Matt battle it out in this Buyer vs. Seller to determine who has the advantage!…

May 12, 2022

When it comes to Restrictive Covenants, employers are fighting to keep their company safe while employees may use them to their advantage. Keep listening to find out if the Employer or the Employee wins this battle. Round 1: Trade Secrets A company’s trade secrets encompass a whole range of information and are one of the…

February 14, 2022

The Supreme Court rejected the nation’s vaccine mandate. Businesses with 100 or more employees are NOT required to have their employees vaccinated or go through weekly testings. However, this policy remains in effect for health care facilities. In this episode of Legally Sound | Smart Business, the team sat down to discuss their thoughts on this ruling.

December 1, 2021

In this episode of Legally Sound | Smart Business by Pasha Law PC, Nasir and Matt cover the Business of Healthcare. There is more to the healthcare industry than just doctors and nurses. Many Americans have health insurance to cover their yearly needs, but most Americans are not aware of what really goes on behind…

October 12, 2021

In our latest episode, Nasir and Matt are covering the legal issues on Social Media. The average person spends most of their day on social media, whether they are scrolling for hours or publishing their own content. However, just because you publish your own content on Instagram does not equate to you owning that image….

September 28, 2021

What is a Non-Disclosure Agreement, and when do I need one? In this episode, Nasir and Matt shares why you need to use Non-Disclosure Agreements, basic facts about NDA’s, and discuss about the infamous Jenner-Woods story. Having the right Non-Disclosure Agreement in place not only protects you and your business, but it also makes the…

June 16, 2021

Covered in this episode of Legally Sound Smart Business are some typical business mistakes blunders small businesses often make and how to avoid them. Blunder #1: Copying and pasting agreements It may sound like a good idea at the time, but this blunder comes with hidden pitfalls. Having an attorney draft terms that are specific…

February 4, 2021

How you terminate an employee can make the difference between a graceful transition to avoidable negative outcomes like a dramatic exit or even a lawsuit. We gathered a panel of experts and asked them – is there a “right way” to fire an employee? We would like to thank our guests for this episode: Amr…

December 2, 2020

The COVID-19 pandemic has turned nearly every aspect of life on its head, and that certainly holds true for the business world. In this episode, Matt and Nasir explain how the early days of the pandemic felt like the Wild West and how the shifting legal playing field left a lot open to interpretation and…

November 16, 2020

After plenty of ups and downs, our buyer has finally closed on the purchase of their business. While we’re marking this down in the ‘wins’ column, it never hurts to review the game tape. In this final episode, our hosts, Matt Staub and Nasir Pasha, return to the deal almost a year later to reflect…

September 15, 2020

The ink is drying on the signature line and things are looking great for our buyer. After so much hard work, the finish line is in sight and the cheering within ear shot.   Though the landlord is still serving friction, things seem safe to move forward and for now, our buyer will be keeping…

July 31, 2020

Though things are coming along well, the journey would not be interesting if it was purely smooth sailing. After our buyer opens escrow, they are forced to push the closing date back when suddenly a letter from an attorney was received claiming the business, we are buying has a trade mark on the name!  Now…

June 12, 2020

With frustration at an all-time high and professionalism at an all-time low, our friend the Buyer has “had it” with the Seller and quite frankly their lack of knowledge. At present our Buyer is rightfully concerned that the latest misstep from our loose-lipped Seller will threaten not only the entire operation of the businesses but…

May 11, 2020

As we go deeper into the buying process, we start to uncover more challenges from our seller and encounter some of the wrenches they are tossing our way. When we last left off in episode three our team was knee deep in due diligence for our buyer, had already penned and signed the Letter of…

April 4, 2020

One word–interloper! When a new mysterious broker enters the transaction and starts to kick up dust, Nasir and Matt take the reins. The seller signed off on the letter of intent (see episode 2), yet this “business broker” serves only friction and challenges by refusing to send financials, whilst demanding more of a firm commitment…

April 4, 2020

Just as most stories and deals start out, everyone is optimistic, idealistic and full of hope for clear skies. It’s a perfect outlook with a perfect setup for the ups and downs yet to come. Peek further behind the curtain and into the first steps of buying a business: the letter of intent. After the…

April 4, 2020

When a savvy buyer hears opportunity knocking to purchase a prime positioned business, she decides not to go it alone and taps in the professionals to help navigate what could potentially be a fruitful acquisition. “Behind the Buy” is a truly rare and exclusive peak into the actual process, dangers, pitfalls and achievements, that can…

August 7, 2019

GrubHub is subject to two “matters of controversy” that have likely become common knowledge to business owners: “fake” orders and unfriendly microsites.

May 28, 2019

In this podcast episode, Matt and Nasir breakdown the legal issues of the subscription industry’s business on the internet. Resources A good 50-state survey for data breach notifications as of July 2018. California Auto-Renewal Law (July 2018) Privacy Policies Law by State Why Users of Ashley Madison May Not Sue for Data Breach [e210] Ultimate…

March 12, 2019

In recording this episode’s topic on the business buying process, Matt’s metaphor, in comparing the process to getting married probably went too far, but they do resemble one another. Listen to the episode for legal advice on buying a business.

December 3, 2018

Nasir and Matt return to discuss the different options available to companies looking to raise funds through general solicitation and crowdfunding. They discuss the rules associated with the various offerings under SEC regulations and state laws, as well as more informal arrangements. The two also discuss the intriguing story about a couple who raised over…

July 24, 2018

Flight Sim Labs, a software add-on creator for flight simulators, stepped into a PR disaster and possibly some substantial legal issues when it allegedly included a Trojan horse of sorts as malware to combat pirating of its $100 Airbus A320 software. The hidden test.exe file triggered anti-virus software for good reason as it was actually…

April 17, 2018

Attorneys Matt Staub and Nasir Pasha examine Mark Zuckerberg’s congressional hearings about the state of Facebook. The two also discuss Cambridge Analytica and the series of events that led to the congressional hearings, the former and current versions of Facebook’s Terms of Service, and how businesses should be handling data privacy. Full Podcast Transcript NASIR:…

March 10, 2018

The Trump presidency has led to a major increase in ICE immigration enforcement. It’s critical for business owners to both comply with and know their rights when it comes to an ICE audit or raid. Nasir, Matt, and Pasha Law attorney Karen McConville discuss how businesses can prepare for potential ICE action and how to…

February 5, 2018

New years always bring new laws. Effective January 1, 2018, California has made general contractors jointly liable for the unpaid wages, fringe benefits, and other benefit payments of a subcontractor. Nasir and Matt discuss who the new law applies to and how this affects all tiers in the general contractor-subcontractor relationship. Click here to learn…

January 2, 2018

With a seemingly endless amount of new mattress options becoming available, it is unsurprising that the market has become increasingly aggressive. As companies invest in more innovative solutions to get in front of customers, review sites, blogs and YouTube videos have moved to the forefront of how customers are deciding on their mattresses and how…

December 7, 2017

In recent months explosive amounts of high profile allegations of sexual harassment, assault, and varying acts of inappropriate behavior have transcended every sector of our professional world. With a deluge from Hollywood and politics, and the private workforce, accusations have inundated our feeds and mass media. This harassment watershed has not only been felt within…

November 16, 2017

If you are not familiar with the EB-5 program started in 1990 to give green cards to certain qualified investors in the United States, then you may not have been alone a few years ago. Currently, the EB-5 program has since exploded since its inception and now hits its quotas consistently each year. The program…

October 10, 2017

Government requests come in multiple forms. They can come in as requests for client information or even in the form of investigating your company or your employees. Requests for Client Information General Rule to Follow Without understanding the nuances of criminal and constitutional law and having to cite Supreme Court cases, any government requests for…

August 24, 2017

Nasir and Matt suit up to talk about everything pertaining to employee dress codes. They discuss the Federal laws that govern many rules for employers, as well as state specific nuances in California and other states. The two also emphasize the difficulty in identifyingreligious expression in dress and appearance, how gender-related dress codes have evolved…

June 28, 2017

Nasir and Matt discuss the life cycle of a negative online review. They talk about how businesses should properly respond, how to determine if the review is defamatory, the options available to seek removal of the review, how to identify anonymous reviewers, whether businesses can require clients to agree not to write negative reviews, and…

June 7, 2017

On this episode of the Ultimate Legal Breakdown, Nasir and Mattbreak down social media marketing withguests Tyler Sickmeyer and Kyle Weberof Fidelitas Development. They first discuss contests and promotionsand talk about where social media promotions can go wrong,when businesses are actually running an illegal lottery, and the importance of a soundterms and conditions. Next, they…

April 3, 2017

On this episode of the Ultimate Legal Breakdown, Nasir and Matt go in depth with the subscription box business. They discuss where subscription box companies have gone wrong(4:30), the importance of a specifically tailored terms and conditions(6:30), how to structure return policies (11:45), product liability concerns (14:45),the offensive and defensive side of intellectual property (19:00),…

February 1, 2017

Nasir and Matt discuss the suit against Apple that resultedfrom a car crashed caused by the use of FaceTime while driving. They also discuss howforeseeable use of apps can increase liability for companies. Full Podcast Transcript NASIR: Hi and welcome to Legally Sound Smart Business! I’m Nasir Pasha. MATT: And I’m Matt Staub. Two attorneys…

January 5, 2017

The guys kick in the new year by first discussing Cinnabon’s portrayal of Carrie Fisher as Princess Leia soon after her death, as well as other gaffes involving Prince and David Bowie. They alsotalk about right of publicity claims companies could be held liable for based on using someone’s name or likeness for commercial gain.

December 22, 2016

Nasir and Matt discuss the recent incidentat a Victoria’s Secret store where the store manager kicked out all black women after one black woman was caught shoplifting. They then each present dueling steps businesses should take when employees are accused of harassment.

December 8, 2016

Nasir and Matt return to talk about the different types of clients that may have outstanding invoices and how businesses can convert unpaid bills to getting paid.

November 10, 2016

After a long break, Nasir and Matt are back to discuss a Milwaukee frozen custard stand that is now revising it’s English only policy for employees. The guys also discuss how similar policies could be grounds for discrimination and what employers can do to revise their policies.

October 6, 2016

The guys discuss the new California law that allows actors to request the removal of their date of birth and birthdays on their IMDB page and why they think the law won’t last. They also discuss how age discrimination claims arise for business owner.

September 29, 2016

Nasir and Matt discuss the racial discrimination claims surroundingAirbnb and how it’s handled the situation. They also discuss some practical tips for businesses experiencing similar issues.

September 8, 2016

Nasir and Matt discuss whyAmazon seller accounts are getting suspended and banned without notice and how business owners can rectify this situation through a Corrective Action Plan.

August 25, 2016

Nasir and Matt talk about the accusations surroundingfashion giant Zararipping off the designs of independent artists like Tuesday Bassen and howsmaller companies can battle the industry giants.

August 18, 2016

Nasir and Matt discuss Brave Software’s ad replacing technology that has caught the eye of almost every national newspaper and has a potential copyright infringement claim looming. They also welcome digital marketing expert Matt Michaelree to speak on the specifics of what Brave is attempting to do and whether it has the answers moving forward.

July 28, 2016

Nasir and Matt discuss the sexual harassment lawsuit filed by Gretchen Carlson against Fox CEO Roger Ailes. They also talk aboutthe importance of sexual harassment training and properly handling such allegations in the office.

July 15, 2016

Nasir and Matt talk about the changes at Starbucks that have led to many disgruntled employees and customers.

We represent businesses.
That’s all we do.

Oh, and we love it.

We love our work. We love reviewing that lease for your new location. We thrive on closing that acquisition that nearly fell through. We’re fulfilled when we structure a business to grow, raise capital, and be legally protected.

We focus on developing close relationships with our clients by being like business partners. A partner who provides essential, personalized, proactive legal support.

We do all of this without utilizing the traditional billable hour model. You pay for the value we bring, not the time spent on calls, emails, and meetings.

Our team is made up of attorneys and staff that share these values and we are retained by clients who want the same.

Pasha Law PC operates in the states of California, Illinois, New York, and Texas.

Meet Our Team

Fractional General Counsel Services

Pasha Law Select offers the expertise of a high-end general counsel legal team for every aspect of your business at a fixed monthly rate. Pasha Law Select is deliberately designed to allow our legal team to be proactive, to anticipate, and to be comprehensive in serving our clients. To be great lawyers, we need to know our clients. We can’t know our clients unless we represent a select number of clients in the long-term. This is Pasha Law Select.

Learn More