Why More Tech Entrepreneurs Are Demanding Prenups

The video discusses the increasing trend of millennials, especially in the Bay Area, seeking prenuptial agreements to protect their startup ideas and assets in case of divorce. It highlights the importance of prenups in safeguarding intellectual property and the complications that arise when divorce affects startup ownership. The effectiveness of prenups is debated, with emphasis on the need for well-drafted agreements. The video also notes a shift in attitudes towards prenups as people marry later in life with more assets to protect.

Why are millennials seeking prenups even before their startups are fully established?

• To gain more investors for their startup

• To avoid paying taxes on their business

• To ensure equal distribution of assets

• To protect their ideas and potential income in case of divorce

How can divorce impact a startup in Silicon Valley?

• It can lead to the founder losing control over the company

• It can increase the company's market value

• It can result in more investors being interested

• It can lead to a merger with another company

What is a common reason prenups are challenged in court?

• They are not legally binding

• They are often written hastily

• They are not signed by both parties

• They are always accepted without question

Why is there a growing acceptance of prenups among older couples?

• They have fewer financial responsibilities

• They are less likely to divorce

• They want to avoid legal complications

• They enter marriage with more assets

What is a key factor in ensuring a prenup is upheld in court?

• It must be kept confidential

• It should be signed on the wedding day

• It must be prepared well in advance of the wedding

• It should be written by a family member