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EC Roundup: UGC ownership and figuring out what to ask for in your seed round

Here’s the latest from VentureBeat’s Entrepreneur Corner.
Who owns user-generated content? – When you put an idea on a public forum or post an original video on YouTube, does it remain your property? The answer depends greatly on what you agree to before you post, says attorney Curtis Smolar.
In a “flash crash” world, is your site ready? – The stock market’s “flash crash” in May might seem like a one-time event, but Imad Mouline, CTO of Gomez says it offered an important heads up to startup owners. He offers some advice on ensuring that your site will always be open.
How much should you look for in your seed round? – Entrepreneurs who are doing their first hunt for funding are often told to build a spreadsheet. Serial entrepreneur Will Herman says that’s fine, but before you put any numbers on the grid, there are certain high-level guidelines you need to consider first.
The myth of the protectable advantage – Investors often ask potential portfolio candidates about their protectable advantage. David Goldenberg, co-founder of PigSpigot.com, says the question is idiotic. A good idea is worthless until it’s executed, he says, and that means exposing it to the world.
Today’s crazy idea is tomorrow’s breakthrough – Being risk-adverse might help your bottom line in the immediate future, but Peter Diamandis, chairman and CEO of the X-Prize Foundation, notes in this 2008 Entrepreneur Thought Leader Lecture at Stanford University that to truly succeed, you need to be audacious.
Tags: entrepreneur corner

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