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Lately, Korean Drama (series) Start-Up has captured attention worldwide. Pretty understandable after watching it myself I can see how this K-drama serves not only romance but also slices of business and things revolving around it. I’ve been working in a start-up for quite some time and it’s fun how I can relate to lots of context during my binge. They also care enough to provide mini explanations when unusual terms like Seed, Term Sheet, Acquihire, and such. Not to mention the characters development and realistic features of the drama itself. Below are a few of the lessons I found interesting which I learn and I personally think that we should anticipate if we are working in a startup especially to hinder legal issues and allow our company to be more sustained and growing.
Bagaimana Pendapatmu Tentang Drama Korea 'start Up'?
Not so long after Samsan Tech (a start-up initiated by Nam Dosan, Lee Chulsan and Kim Yongsan) won a competition named CODA, a lot of potential investors tried to pitch them. One of the guests that the drama highlights is actually developers trying to steal their technology. Lucky enough for them, Han Jipyeong (their soon-to-be mentor) stops the developers from stealing their technology by casting them out of Samsan Tech office. From this scene, we learn that technology can be very vital to a company, especially a start-up. Therefore, it is important to provide confidentiality agreement (some people refer to it as non-disclosure agreement) signed by the startup and the persons whom the startup shares the information with so that the persons who receive the information will not misuse the information shared during the discussion. This issue should also be anticipated even more once the start-up is well established already by implementing policies on secrecy and information security.
There’s this scene where Won Injae, a CEO of Nature Morning company is released from her authority as CEO without her being able to object due to lack of share ownership because the majority of shares held by Morning Group and her father is the major shareholder on it. Although this can be a little excessive to present how important share ownership is, this scene teaches us to consider whether sufficient control from the CEO is granted by shares ownership, which is delivered almost literally by the drama in another scene where Won Injae’s new company is arranging a shareholding distribution.
Not so long after Samsan Tech won the Sandbox incubation competition (sorry can’t really remember the name), the person named Alex who represents 2STO, a Silicon Valley-based company convince Nam Dosan and Seo Dalmi to sign an Acquihire agreement (acquisition proceeded to obtain talents from the acquired). Unlike the previous verbal settlement between Alex and Samsan Tech where the whole Samsan Tech team will be joining 2STO, the agreement apparently governs only the developers to join 2STO instead. This scene should teach us to read any contract thoroughly as whatever comes within is deemed replacing previous deals between the contracting parties.
Start Up: Episodes 9 10 Open Thread » Dramabeans Korean Drama Recaps
There are of course many more lessons (legal-related lessons!) We can learn from Start-Up Korean Drama. For those of you who have not watched it, I highly recommend bingeing on your weekend. Aside from legal-related lessons, we can also find some of business-related matters which can be our references to solve problems or provide opinions in wider range of spots.
Mark contributions as unhelpful if you find them irrelevant or not valuable to the article. This feedback is private to you and won’t be shared publicly.
Not so long after Samsan Tech (a start-up initiated by Nam Dosan, Lee Chulsan and Kim Yongsan) won a competition named CODA, a lot of potential investors tried to pitch them. One of the guests that the drama highlights is actually developers trying to steal their technology. Lucky enough for them, Han Jipyeong (their soon-to-be mentor) stops the developers from stealing their technology by casting them out of Samsan Tech office. From this scene, we learn that technology can be very vital to a company, especially a start-up. Therefore, it is important to provide confidentiality agreement (some people refer to it as non-disclosure agreement) signed by the startup and the persons whom the startup shares the information with so that the persons who receive the information will not misuse the information shared during the discussion. This issue should also be anticipated even more once the start-up is well established already by implementing policies on secrecy and information security.
There’s this scene where Won Injae, a CEO of Nature Morning company is released from her authority as CEO without her being able to object due to lack of share ownership because the majority of shares held by Morning Group and her father is the major shareholder on it. Although this can be a little excessive to present how important share ownership is, this scene teaches us to consider whether sufficient control from the CEO is granted by shares ownership, which is delivered almost literally by the drama in another scene where Won Injae’s new company is arranging a shareholding distribution.
Not so long after Samsan Tech won the Sandbox incubation competition (sorry can’t really remember the name), the person named Alex who represents 2STO, a Silicon Valley-based company convince Nam Dosan and Seo Dalmi to sign an Acquihire agreement (acquisition proceeded to obtain talents from the acquired). Unlike the previous verbal settlement between Alex and Samsan Tech where the whole Samsan Tech team will be joining 2STO, the agreement apparently governs only the developers to join 2STO instead. This scene should teach us to read any contract thoroughly as whatever comes within is deemed replacing previous deals between the contracting parties.
Start Up: Episodes 9 10 Open Thread » Dramabeans Korean Drama Recaps
There are of course many more lessons (legal-related lessons!) We can learn from Start-Up Korean Drama. For those of you who have not watched it, I highly recommend bingeing on your weekend. Aside from legal-related lessons, we can also find some of business-related matters which can be our references to solve problems or provide opinions in wider range of spots.
Mark contributions as unhelpful if you find them irrelevant or not valuable to the article. This feedback is private to you and won’t be shared publicly.
Not so long after Samsan Tech (a start-up initiated by Nam Dosan, Lee Chulsan and Kim Yongsan) won a competition named CODA, a lot of potential investors tried to pitch them. One of the guests that the drama highlights is actually developers trying to steal their technology. Lucky enough for them, Han Jipyeong (their soon-to-be mentor) stops the developers from stealing their technology by casting them out of Samsan Tech office. From this scene, we learn that technology can be very vital to a company, especially a start-up. Therefore, it is important to provide confidentiality agreement (some people refer to it as non-disclosure agreement) signed by the startup and the persons whom the startup shares the information with so that the persons who receive the information will not misuse the information shared during the discussion. This issue should also be anticipated even more once the start-up is well established already by implementing policies on secrecy and information security.
There’s this scene where Won Injae, a CEO of Nature Morning company is released from her authority as CEO without her being able to object due to lack of share ownership because the majority of shares held by Morning Group and her father is the major shareholder on it. Although this can be a little excessive to present how important share ownership is, this scene teaches us to consider whether sufficient control from the CEO is granted by shares ownership, which is delivered almost literally by the drama in another scene where Won Injae’s new company is arranging a shareholding distribution.
Not so long after Samsan Tech won the Sandbox incubation competition (sorry can’t really remember the name), the person named Alex who represents 2STO, a Silicon Valley-based company convince Nam Dosan and Seo Dalmi to sign an Acquihire agreement (acquisition proceeded to obtain talents from the acquired). Unlike the previous verbal settlement between Alex and Samsan Tech where the whole Samsan Tech team will be joining 2STO, the agreement apparently governs only the developers to join 2STO instead. This scene should teach us to read any contract thoroughly as whatever comes within is deemed replacing previous deals between the contracting parties.
Start Up: Episodes 9 10 Open Thread » Dramabeans Korean Drama Recaps
There are of course many more lessons (legal-related lessons!) We can learn from Start-Up Korean Drama. For those of you who have not watched it, I highly recommend bingeing on your weekend. Aside from legal-related lessons, we can also find some of business-related matters which can be our references to solve problems or provide opinions in wider range of spots.
Mark contributions as unhelpful if you find them irrelevant or not valuable to the article. This feedback is private to you and won’t be shared publicly.
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