Venture Capital

Super Voting Stock: The Advantages and Pitfalls

The idea of so-called super voting stock can be appealing to founders concerned about losing control of their company....

Chancery Court Dismisses Fiduciary Claims Over Oracle-OPower Acquisition

In van der Fluit v. Yates, the Delaware Chancery Court dismissed fiduciary claims against the board of Opower Inc.,...

Jun 24 · 2 min read >

Growth Act Provides Parity For Closed-End Funds

The Economic Growth, Regulatory Relief and Consumer Protection Act, which was signed into law last month, modifies various regulatory...

Jun 23 · 32 sec read >

Investment Act Exemption For VC Funds Broadened

Signed into law last month, the Economic Growth, Regulatory Relief and Consumer Protection Act increased the number of beneficial...

Jun 22 · 51 sec read >

What Is A Redemption Right?

A redemption right is a feature of preferred stock that allows investors to require a company to repurchase their...

Oct 24 · 56 sec read >

What Should Be The Interest Rate On A Convertible Note (AKA Bridge Note)?

Convertible notes are structured as loans that to the company that convert into equity at a later point in...

A First Look at Equity Crowdfunding in the US: Q1 & Q2 2017

The 2012 Jumpstart Our Business Startups (JOBS) Act established provisions that allow early-stage businesses to offer and sell securities...

Oct 13 · 1 min read >

SEC Warns Investors About Dangers of SAFEs

Earlier this month, the SEC’s Office of Investor Education and Advocacy issued an Investor Bulletin entitled “Investor Bulletin: Be...

Registration Rights: What You Need To Know

Under federal law, securities can only be offered or sold pursuant with a registration statement filed with the Securities...

What Is Fully-Diluted Capitalization?

Fully-diluted capitalization is one of those terms that gets used quite a bit in the startup and venture capital...

Aug 3 · 42 sec read >