Venture Capital

What is a Seed Financing?

Startups will often go through several rounds of financing before they are able to generate enough revenue to finance...

When Can a Board Resignation be a Breach of Fiduciary Duties?

The board of directors has an important role in a company, acting as representatives for stockholders while making decisions...

How Can a Delaware Corporation Validate Defective Past Acts?

The Delaware Court of Chancery recently addressed an issue of first impression involving the types of “defective” corporate actions...

SEC Releases White Paper On Regulation Crowdfunding

The SEC last month released a white paper entitled “U.S. securities-based crowdfunding under Title III of the JOBS Act,”...

Regulation A+ Outpaces Regulation A Activity, SEC White Paper Says

The SEC recently released a white paper entitled “Regulation A+:  What Do We Know So Far?,” which examined Regulation...

SEC Adopts JOBS Act Inflation Adjustments

On April 5, 2017, the Securities and Exchange Commission announced it had adopted certain amendments with respect to fundraising...

House Passes HALOS Act TO ADDRESS DEMO DAY SECURITIES LAW ISSUES

On Jan. 10, 2017, the U.S. House of Representatives passed the Helping Angels Lead Our Startups Act (H.R. 79)....

Jan 20 · 1 min read >

California Private Fund Adviser Exemption

As a general matter, California law requires that investment advisers register with the state if they are providing investment...

FINRA Expels First Member For Regulation Crowdfunding Violations

A company called UFP LLC in November became the first crowdfunding portal to be expelled as a member of...

Drag-Along Provisions: What Startups Need To Know

It is common for shareholder agreements to include what is known as a drag-along, or bring-along, provision. This provision...