On October 30, the SEC took another shot at legalizing equity crowdfunding, by passing final regulations that are much more streamlined and simpler than the original regulations. The new regulations …
The Friends & Family Round
Prior to doing a seed round or a full venture capital financing, startups frequently need to do a “friends and family” round of financing. This money is often essential to carry startups through to …
VC Lawsuit Highlights Need for Discrimination Policies
If you follow the worlds of startups and venture capital, you have probably heard of the sex discrimination lawsuit that Ellen Pao has filed against her former employer, the prestigious venture …
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SAFE – A New Financing Tool for Startups
If you follow startups, you’ve probably heard of convertible notes and Series A financings, but the newest item is the SAFE – the Simple Agreement for Future Equity. SAFE is a seed-stage financing …
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AN INTRO TO THE “ACCREDITED INVESTOR”
Startups and other companies seeking investment through private securities offerings will quickly have to master the concept of the “accredited investor.” The underlying idea is that accredited …
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Clean House Before Your Financing
Admission: I don't have a housekeeper, but if I did, I would have to clean my home before the housekeeper comes by, because I don't want to reveal what a slob I am. Startups thinking about venture …
Anatomy of a Term Sheet – Piggyback and S-3 Registration
Welcome back to our Anatomy of a Term Sheet series. We are taking the model Series A term sheet from the NVCA, and analyzing the various terms in depth. Last time we began a discussion of …
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Anatomy of a Term Sheet – Registration Rights
Welcome back to Anatomy of a Term Sheet, a multi-part series in which we take the model Series A term sheet from the NVCA, and analyzing the various terms in depth. We have finished with the charter …
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Anatomy of a Term Sheet – Conditions to Closing
Welcome back to our Anatomy of a Term Sheet series. We are taking the model Series A term sheet from the NVCA, and analyzing the various terms in depth. We've gone through the charter terms that …
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Anatomy of a Term Sheet – Reps & Warranties
Welcome back to our Anatomy of a Term Sheet series. We are taking the model Series A term sheet from the NVCA, and analyzing the various terms in depth. The goal is to give startup founders a …
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