On November 2, 2020, the Securities and Exchange Commission (SEC) voted to amend certain rules related to the issuance of securities in exempt offerings—transactions in which the securities sold by the issuer do not need to...more
SEC Proposes to Allow Finders to Receive Transaction-Based Compensation in Certain Limited Circumstances Without Having to Register as a Broker-Dealer-
In an effort to help small and emerging businesses raise capital, the...more
The SBA Paycheck Protection Program (PPP) was enacted to provide loans to small businesses to protect and maintain jobs. For those small businesses backed by venture capital or private equity, however, the affiliation rules...more
After three years of strong growth, venture capital financing activity slowed noticeably in 2016. According to data published by Pitchbook and the National Venture Capital Association, companies raised $69.1 Billion in 2016...more
A key milestone in the lifecycle of many successful companies (and, admittedly, many unsuccessful companies) is obtaining financing from angel or venture capital investors, but in negotiating with experienced investors...more
7/15/2016
/ Angel Investors ,
Board of Directors ,
Conversion ,
Dividends ,
Early Stage Companies ,
Entrepreneurs ,
Investor Protection ,
Pay-To-Play ,
Popular ,
Preferred Stock Financing ,
Right of First Refusal ,
Series A ,
Startups ,
Stock Purchase Agreement ,
Term Sheets ,
Valuation ,
Venture Capital ,
Vesting ,
Voting Rights
A key milestone in the lifecycle of many successful companies (and, admittedly, many unsuccessful companies) is obtaining financing from angel or venture capital investors, but in negotiating with experienced investors...more
3/2/2016
/ Board of Directors ,
Capital Raising ,
Confidentiality Agreements ,
Dividends ,
Entrepreneurs ,
Equity Financing ,
Investor Protection ,
Liquidation ,
Pay-To-Play ,
Popular ,
Right of First Refusal ,
Series A ,
Stock Purchase Agreement ,
Term Sheets ,
Venture Capital ,
Vesting
The game for fledgling companies and their investors is early-round, seed-stage financings, and there’s a new player in town. Already embraced by West Coast venture capitalists and start-ups, SAFEs – Simple Agreements for...more
1/19/2015
What's the one thing entrepreneurs and small business owners need to know about crowdfunding before they raise money? For a JD Supra Perspective, that’s the question we put to experts writing on this matter. Here’s what we...more
As required by the Dodd-Frank Act, the SEC on July 10, 2013, adopted final Rule 506(d) to "disqualify felons and other bad actors" from Regulation D private offerings. New Rule 506(d) identifies persons and triggering events...more
8/26/2013
/ Accredited Investors ,
Advertising ,
Bad Actors ,
Compliance ,
Dodd-Frank ,
Due Diligence ,
Exemptions ,
General Solicitation ,
Regulation D ,
Rule 506 Offerings ,
Securities and Exchange Commission (SEC)
"[Crowdfunding] lays the riskiest investments at the doorstep of those investors that can least afford the risk. And it won’t create jobs except for plaintiff’s lawyers…”...more