https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons After reading two of The Social Network articles, write a reflection and cover all of the lessons we learned from this film. Write in complete sentences, using proper grammar. After you finish writing and proofreading, respond to three other students' posts. en-us 2017-06-22 15:11:06 UTC 2017-06-22 17:08:45 UTC hello@padlet.com carter_boroski https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177218592 We can learn many lessons from The Social Network, most of them being legal lessons. We learned that there is a big importance in making legal agreements to protect your company from being sued and protect your companies financial stability.  We can also learn that if you want to have an idea make sure to get a patent.]]> 2017-06-22 15:21:14 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177218592 ethan_hamilton https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177218740 Many lessons that can be learned from The Social Network have to do with legal issues. In the law-suit that Mark had with the Winklevoss twins, the twins didn't protect there idea by making Mark sign a NDA and non-disclosure agreement. If the twins would have had him sign one, they could have had the law-suit be in there favor. Another lesson was to have a lawyer look over documents you have to sign, instead of just signing without having them reviewed. If Mark's best friend would have had a lawyer review the contracts he could have avoided having his  share of Facebook diluted from above 30% to below 1%. This lessons shows that you shouldn't  sign anything you don't know about without having a lawyer review it.]]> 2017-06-22 15:23:21 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177218740 sofia_castro https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177218777 The Social Network teaches entrepreneurs and business partners many legal lessons on how to protect their ideas and money. Some of which are to get an NDA, a company layer is not your lawyer, always have written agreements with the people you are working with, and confidentiality. Getting an NDA (non-disclosure agreement) would prevent  taking someone else's ideas. This would have helped the Winklevoss twins keep their ideas. Remembering that having your own lawyer is very important, a company's lawyer is looking after the company's interest not yours. Written agreements really help when you are first starting out. These can help you keep boundaries and not loose any of the company. Confidentiality can also help tremendously! Not releasing to much information can prevent people from stealing your ideas. ]]> 2017-06-22 15:24:01 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177218777 robert_davis4 https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177218804 There are many legal lessons we can learn from The Social Network. 
          First of all, you should trust your partners, but you should also watch your back for them. In the movie, Mark subtracted more than 99% of Eduardo's pay.  That is why you should always look at paperwork before you sign it.  Eduardo and Mark were best friends.  
          It was also said that Mark stole the idea of Facebook from one of his friends. The idea was never patented and he never signed a contract saying that he would not copy the idea, so the rights were his to take the idea away. As he never used any lines of code that were used in his friends' website, it was all legal.
The only person you can really trust these days is your lawyer. When dealing with other people, you have to realize, its everyone for themselves. It's still okay to trust people somewhat but don't always entirely count on it. Always present a failsafe in case something goes wrong.]]> 2017-06-22 15:24:25 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177218804 sarah_elmizadeh1 https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177218873 The lessons we learned from The Social Network are to always have confidentiality and non-disclosure agreements. From the movie, the
plaintiffs apparently did not have Mr.
Zuckerberg sign a confidentiality and nondisclosure agreement before they shared their idea with him. Having a written partnership agreement, the right to approve new partners, and the importance of having your own lawyer review all documents are also the lessons I learned from the film.]]> 2017-06-22 15:25:34 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177218873 juan_tavera https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177218894 The Social Network taught many valuable lessons in life, more specifically, legal lessons. One of the man lessons it taught was how important contracts, and NDA's, (non-disclosure agreements) are. There were many issues and lawsuits that Facebook endured because of the lack of legal papers which brought confusion, lying, stealing, and lots of money lost. Entrepreneurs need to learn to have all legal issues discussed and signed before any action taking place. This will potentially save time, money, and lawsuits. Another valuable lesson The Social Network  taught is how important lawyers are. Lawyers are essentially your best friend in these cases and no matter should be discussed without one being present. Eduardo's equity in the company went from 30% to less than 1%. This cost him billions of dollars and if there were lawyers present, this would all be avoided. ]]> 2017-06-22 15:25:44 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177218894 john_kantlehner https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177218949 The film, The Social Network, provides many points of valuable insight such as having the right amount of legal representation regardless of who is involved. We are shown how money corrupts the young entrepreneurs and how they failed to safeguard their positions in the company. A simple partnership agreement would have solved the problem of Eduardo that led to his diluting share in the company.]]> 2017-06-22 15:26:26 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177218949 justin_ruf https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219003 Some lessons that we learn from the Social network is to read a document and have a lawyer go over the contract before you sign it. You should also make sure that it is safe to open up your ideas to someone. It is very important to always have a lawyer while you are starting a company. if you get yourself in trouble a lawyer will be very helpful with getting you out of trouble. You should also make sure that you have rights to do everything that you do.]]> 2017-06-22 15:27:03 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219003 ernesto_coronelz https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219035 Some lessons that we have learned from watching The Social Network were The importance of confidentiality and non-disclosure agreements, like when Mark Zuckerberg was claimed that he had stole the idea of Facebook.  The importance of a written partnership agreement because  they apparently had no written agreement with Mr. Zuckerberg that clearly outlined what conduct by him would be a breach. This is Partner Real Estate Investing 101: you simply must have a written agreement that addresses all important issues in the partnership relationship. The importance of having your own lawyer review all documents. Always get an NDA. A company lawyer is not your lawyer!]]> 2017-06-22 15:27:42 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219035 liam_hardigan https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219045 In The Social Network, many lessons regarding legal ownership and entrepreneurship are learned, such as the importances of an NDA, lawyer, and partnership. As seen in the movie, if the Winklevoss twins had made Mark sign a Non-disclosure Act, they could have prevented the lawsuit and many other obstacles. In addition, we learned that lawyers are a lot more helpful than you think. They can review documents to prevent events as seen in the movie. Partnerships should be reinforced and thoroughly thought of before fully committing to it. ]]> 2017-06-22 15:27:59 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219045 georgeschnell1234 https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219071 A brief summary on the movie is that this movie is how facebook all started. it was started by mark zuckerburg and he started it with a bunch of his friends.  one lesson I learned is that The importance of confidentiality and
non-disclosure agreements. these documents can stop people from saying anything about your idea or product. Also the importance of having the right to approve new partners. This is very important because if you let other people approve partners they could not be smart and not helpful to the team at all. The importance of having your own
lawyer review all documents is that they know you better than any other person and they cant defend you in any case.]]> 2017-06-22 15:28:14 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219071 kai_cooper https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219081 In The Social Network,  a lot of lessons regarding legal issues are presented. Problems arise when the Winkelvoss twins and Divya Narendra tried to sue Mark Zuckerberg when Mark stole their idea. The twins do not make Mark sign a non-disclosure agreement, which would have prevented Mark from using that idea legally. Another problem arose when Mark brought a new partner on without the permission of his best friend. They should have signed a partnership agreement that could let them settle better terms. When Eduardo signed the contract to dilute his ownership percentage, he should have had an attorney read it first before he decided on signing it himself.]]> 2017-06-22 15:28:26 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219081 anitha_joseph https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219118   The Social Network  contains various lessons that are prevalent in our society. The majority of these lessons come from a legal point of view. The major conflicts presented in the movie come as Zuckerburg strikes bad chords with his partners. This movie helps bring out the importance of  various legal actions that should be taken in the establishment of any company. 
     The first lesson was that brought to light was the importance of non-disclosure agreements. These agreements make sure a person agrees to not to disclose ideas without everyone's permission (the problem the Winklevoss Twins and Zuckerburg). This helps protect your ideas and other people's also. Another important factor brought up was the importance of written partnerships and making sure you have rights to an opinion on new partners. This is what happened with Saverin and Zuckerburg. The articles also stressed the importance of having your own lawyer. The last and most important lesson was the mistake Saverin made with signing many contracts without reading them first. He didn't realize that the company's lawyers were not his own. This resulted in his interest being deducted to .03% from 30%.
Overall, this movie shows the importance of the legal process within developing a new company.                                                                          ]]> 2017-06-22 15:28:58 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219118 chad_keirnan https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219137 The Social Network  teaches some very insightful lessons that would help any entrepreneur. One thing that is highlighted in the articles taught was how important contracts, and NDA's are. There were many issues and lawsuits that Facebook endured because of the lack of legal papers which brought confusion, lying, stealing, and lots of money lost. Entrepreneurs need to learn to have all legal issues discussed and signed before any action taking place. This will potentially save time, money, and lawsuits. Another valuable lesson The Social Network  taught is how important lawyers are. Lawyers are essentially your best friend in these cases and no matter should be discussed without one being present. Eduardo's equity in the company went from 30% to less than 1%. This cost him billions of dollars and if there were lawyers present, this would all be avoided.]]> 2017-06-22 15:29:17 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219137 alejandro_alvaro https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219231 The Social Network teaches many lessons about avoiding dangers present in the entrepreneurial field. The first lesson was the importance of a NDA in order to protect your ideas when pitching them to potential partners. Next, a lot of conflict could have been avoided with a written partnership agreement. This would have prevented the misconduct from either parties as well as the deals made to undermine the other party's interests. Furthermore, the introduction of a new partner created a lot of conflict. One party did not want a new partner while the other party did. This could have been avoided if there was the right to approve or revoke new partnerships. The Social Network  also teaches about having an attorney present during the signing of legal contracts. This can prevent any clauses made to undermine the interests of another party. Finally, just because someone is your best friend doesn't mean he won't put his interests first. It is important to have a lawyer present during legal agreements. All of these are important lessons that can be used to protect any young entrepreneur. ]]> 2017-06-22 15:30:30 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219231 JJ1513 https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219258 The Social Network takes the audience on the journey of the creation of Facebook and the legal issues that arise in its creation. These legal issues in the movie presented many lessons to learn when being an entrepreneur. The first lesson is the importance of confidentiality and non-disclosure agreements. One of the main lawsuits involved twin brothers and their friend. They sued Mark Zuckerberg for stealing their idea of social network for Harvard students called HavardConnections. They shared their idea of the website to Zuckerberg who in turn used their idea and made his own social network site. If they had made Zuckerberg sign a confidentiality and non-disclosure agreement, Zuckerberg would not have been able to share or take their idea. Another lesson is the importance of having the right to approve new partners. Zuckerberg appointed new partners without the permission of Eduardo. Ultimately, the new partner that Zuckerberg appointed helped take away Eduardo's interest in the company.]]> 2017-06-22 15:30:52 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177219258 nicholas_soviero https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177222750 There were many lessons that i learned in the social network. Many of them were legal issues. The Social Network teaches young entrepreneurs and business partners legal lessons how to protect their ideas and money. If the twins would have had him sign a NDA, (which is a non disclosure agreement) then none of this would have happened. ]]> 2017-06-22 16:05:42 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177222750 nicholas_cruz https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177223185 The Social Network taught many valuable lessons in life, more specifically, legal lessons. One of the man lessons it taught was how important contracts, and NDA's, (non-disclosure agreements) are. There were many issues and lawsuits that Facebook endured because of the lack of legal papers which brought confusion, lying, stealing, and lots of money lost. Entrepreneurs need to learn to have all legal issues discussed and signed before any action taking place. This will potentially save time, money, and lawsuits. Another valuable lesson The Social Network  taught is how important lawyers are. Lawyers are essentially your best friend in these cases and no matter should be discussed without one being present. Eduardo's equity in the company went from 30% to less than 1%. This cost him billions of dollars and if there were lawyers present, this would all be avoided.]]> 2017-06-22 16:10:38 UTC https://padlet.com/christina_zacharias/SI2017_TheSocialNetworkLessons/wish/177223185