Rich McIver is a Bplans contributing writer. He graduated from the University of Notre Dame and the University of Chicago Law School. After graduating, Rich founded and managed three tech startups that were each acquired through a private equity sale, shareholder buyout, and a merger respectively. Subsequently, he founded and managed a law firm which he sold via partner buyout in 2014. Currently, he is the founder of Merchant Negotiators a tech startup that compares merchant services. He can be reached via Twitter and Google+. His contributions to Bplans cover topics relating to legal and business issues that business owners face when founding, building and exiting their businesses. Follow Rich on Google+.
As a business owner, the idea of accepting expertise and a big check from an outside investor can seem like a complete win for you and your business. The truth of whether it’s actually a benefit for you, however, is often determined by what appears to be the boring fine print details of the contract... Read more »