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Faced 5+ Years in Prison

People Vs Joseph Amico

Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.

Faced 10+ Years in Prison

People Vs. Anna Sorokin

Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.

Faced 3+ Years in Prison

People Vs. Genevieve Sabourin

Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.

Faced Potential Charges

Ghislaine Maxwell Juror

Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.

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Clients can use our portal to track the status of their case, stay in touch with us, upload documents, and more.

Regardless of the type of situation you're facing, our attorneys are here to help you get quality representation.

We can setup consultations in person, over Zoom, or over the phone to help you. Bottom line, we're here to help you win your case.

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Meet Todd Spodek

WE PROVIDE WHITE GLOVE SERVICE TO CLIENTS
WHO WANT MORE FROM THEIR ATTORNEY

The Spodek Law Group understands how delicate high-profile cases can be, and has a strong track record of getting positive outcomes. Our lawyers service a clientele that is nationwide. With offices in both LA and NYC, and cases all across the country - Spodek Law Group is a top tier law firm.

Todd Spodek is a second generation attorney with immense experience. He has many years of experience handling 100’s of tough and hard to win trials. He’s been featured on major news outlets, such as New York Post, Newsweek, Fox 5 New York, South China Morning Post, Insider.com, and many others.

In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.

Why Clients Choose Spodek Law Group

The reason is simple: clients want white glove service, and lawyers who can win. Every single client who works with the Spodek Law Group is aware that the attorney they hire could drastically change the outcome of their case. Hiring the Spodek Law Group means you’re taking your future seriously. Our lawyers handle cases nationwide, ranging from NYC to LA. Our philosophy is fair and simple: our nyc criminal lawyers only take on clients who we know will benefit from our services.

We’re selective about the clients we work with, and only take on cases we know align with our experience – and where we can make a difference. This is different from other law firms who are not invested in your success nor care about your outcome.

If you have a legal issue, call us for a consultation.
We are available 24/7, to help you with any – and all, challenges you face.

VCs Reveal Their Top Criteria for Funding a Startup

VCs Reveal Their Top Criteria for Funding a Startup

Venture capitalists invest in early-stage, innovative companies in exchange for equity, hoping to hit it big if the startup succeeds. With so many startups seeking funding, VCs are very selective, looking for entrepreneurs and ideas that have the best chance of scaling into a profitable business.

The Team

The number one thing VCs look for is an excellent founding team, according to over 75% of investors on this Quora thread. As VC Mark Suster explains, “I would rather fund an A+ team with a B idea than a B team with an A+ idea.” VCs want to see that the founders have the skills, experience, drive and chemistry to overcome inevitable challenges and grow the company. Important qualities include:

  • Technical and domain expertise. The team should have strong experience in the industry they are disrupting as well as the technical skills to build the product.
  • Leadership ability. There should be one or two strong leaders that can effectively build and manage a team.
  • Commitment and drive. The founders should demonstrate the passion, perseverance and work ethic needed to succeed.
  • Coachability. The team must be open to feedback, pivot when necessary and learn quickly from mistakes.

Without an all-star team that covers these areas, VCs will pass on funding a startup no matter how intriguing the idea.

Market Opportunity

The next major factor VCs consider is market opportunity, according to over 70% of investors in this survey. The startup must be targeting a large addressable market with major growth potential in the coming years. As VC Bessemer specifies, the opportunity should be at least $1 billion in annual revenue. Investors also want to see that the market has a clear need for the startup’s solution and that there are no major barriers preventing adoption. Startups can demonstrate a promising market opportunity by:

  • Researching market size and growth trends using reputable sources. For example, citing projections that the US fitness app industry will reach $120 billion by 2027.
  • Validating demand through customer discovery interviews, waitlists, letters of intent or early traction. For example, having 10,000 signups for the beta version.
  • Benchmarking the success of comparable companies in adjacent markets. For example, pointing to the rise of Duolingo demonstrating demand for education apps.

Without demonstrating a sizable, growing market desperate for their offering, startups will struggle to attract VC backing no matter how strong their team.

Product Solution

While team and market are most important, over 50% of VCs in this survey also want to understand the startup’s product solution. They look for innovative technology, services or business models that creatively address a market need as well as a clear path to scaling the solution. As VC First Round advises, startups should communicate details like:

  • The problem they are solving specifically for customers.
  • The solution and how it works at a high level.
  • What makes it unique from alternatives.
  • Product roadmap and key milestones for scaling growth.

Being able to articulate their novel solution and how it delivers value better than competitors helps assure VCs that the startup can win market share. It also demonstrates that the team understands their customers and market dynamics.

Traction

While traction is not strictly required, over 40% of VCs in this survey want to see some proof of concept and market acceptance. Traction can involve:

  • Number of users, signups or waitlist demand
  • Revenue and growth
  • Partnerships, channel distribution or affiliate networks
  • Customer testimonials, interviews and case studies

As VC Mark Suster explains, “traction proves that there are real customers wanting to buy your product.” Even modest traction signals that the startup is executing well and demonstrating customer demand. With strong traction, other evaluation criteria become less important.

Financials and Metrics

Later stage VCs will dive more into financials, looking for a viable path to profitability. Key metrics they assess include:

  • Customer Acquisition Costs: How much it costs to acquire customers based on sales and marketing spend. Lower is better.
  • Lifetime Value: Projected total revenue per customer. Higher is better.
  • Burn Rate: Monthly spend rate. The slower the burn, the longer runway they have.
  • Margins: Gross margins demonstrate efficiency; net margins demonstrate profitability.
  • Return on Investment: Performance metrics like month-over-month growth prove scalability.

Strong financials and operating metrics give investors confidence in the underlying economics. It shows that the startup can eventually become profitable while scaling.

Exit Strategy

VCs invest not just for revenue and dividends but for the eventual exit opportunity. As VC Sequoia summarizes, they assess, “How and when can we get our money back plus a return?” Common exit strategies include:

  • Acquisition: Exit by selling to a larger company in the industry
  • IPO: Initial public offering provides liquidity for early investors
  • Secondary Sale: Selling shares to another investor provides partial exit

Being able to articulate the long-term vision for an acquisition, IPO or secondary sale gives investors more confidence in their potential returns. They want to see realistic options for a profitable, timely exit within 5-7 years.

By evaluating teams, markets, products and financials, VCs determine the startups most likely to exit with large returns on their investment. Funding startups is high-risk, so they are very selective, rejecting over 95% of startups. Meeting the top criteria separates the startups bound for success.

Key Takeaways

  • VCs prioritize funding exemplary teams over ideas alone. Founders must demonstrate expertise, leadership, commitment and coachability.
  • Large addressable markets with massive growth potential are essential. Startups must prove market demand for their solution.
  • While secondary, the innovation and viability of the product, business model and roadmap affects funding.
  • Traction like customer growth and revenue offer proof-of-concept and market acceptance.
  • Later stage VCs examine operating metrics and financials for the path to profitability.
  • All VCs look to exit investments through an acquisition, IPO or secondary sale with sizable returns.

Carefully targeting these criteria will help startups attract the VC funding essential for scaling their business. With the right combination of team, market and product, funding and success await.

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Testimonials

I was searching for a law firm with some power to help me deal with a warrant in New York . After 6 days I decided to go with Spodek Law Group. It helped that This law firm is well respected by not only the top law firms in New York , but the DA , Judge as well. I...

~Fonder Brandon

5 Stars
It was my good fortune to retain Spodek Law Group for representation for my legal needs. From the beginning, communication was prompt and thorough. Todd, Kenneth and Alex were the first people I worked with and they all made me feel comfortable and confident that the team was going to work hard for me. Everything was explained and any concerns...

~A G

5 Stars
After meeting with several law firms, I chose the Spodek Law Group not only for their professionalism and experience, but for the personal attention given to me right from the initial consultation. It is important to recognize how crucial having the right legal team is when faced with potentially life altering events that impact families and the lives of loved...

~George Cherubini

Spodek Law Group

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We Provide Superior Service, Excellent Results, At A Level Superior To Other Criminal Defense Law Firms. Regardless Of Where Your Case Is, Nationwide, We Can Help You.
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