Choosing the right lawyer for your startup can be overwhelming, given the important role that relationship will play in the evolution of your company. However, finding the right fit at the earliest stages can save you lots of pain (and
The Venture Alley
A blog about business and legal issues important to entrepreneurs, startups, venture capitalists and angel investors.
The Venture Alley, published by DLA Piper, focuses on legal issues related to venture capital and private fund management. It covers topics such as regulatory compliance for venture capital funds, tax implications for fund investors, SEC rulemaking affecting private fund advisers, and structuring considerations for venture capital funds under securities laws. The blog also addresses practical matters like management rights letters, secondary market transactions, and anti-money laundering regulations impacting investment advisers. It provides analysis of court decisions, regulatory proposals, and legislative developments relevant to venture capital fund managers, investors, and legal practitioners in the private funds space.
Latest from The Venture Alley - Page 2
New regulations reinforce CFIUS’s expanded role with respect to foreign investments in the US
By DLA Piper
Article prepared by and republished courtesy of our colleagues Christine Daya, Thomas M DeButts, Danish Hamid, Sarah E. Kahn, Richard Newcomb, Ignacio E. Sanchez, Lawrence E. Levinson and Dana Zelman; originally published here: https://www.dlapiper.com/en/us/insights/publications/2020/01/new-regulations-reinforce-cfius-expanded-role/…
Delaware Franchise Tax due date: a reminder for Delaware corporations
By Trent Dykes
Just a reminder to those who have Delaware corporations: your annual report and franchise tax payment are both due by March 1 (which is a Sunday, so plan accordingly). At this point, you have likely already received from Delaware your…
SEC proposes changes to “accredited investor” definition
By DLA Piper
Article prepared by and republished courtesy of our colleagues Larry W. Nishnick, Bradley E. Phipps, and David Kurlander; originally published here: https://www.dlapiper.com/en/asiapacific/insights/publications/2020/01/sec-proposes-changes-to-accredited-investor-definition/.
The SEC recently proposed amendments to the long-standing definition of “accredited investor,” an important…
How Long Should it Take to Close my Venture Financing?
Although entrepreneurs and venture investors typically drive the negotiation of the term sheet for a venture financing, once the term sheet is executed, the commercial parties (especially those who have not been through the process many times) often feel sidelined…
Delaware Franchise Tax due date: a reminder for Delaware corporations
By Trent Dykes
By Trent Dykes, Ossie Ravid and Jennifer Tornow
Just a reminder to those who have Delaware corporations: your annual report and franchise tax payment are both due by March 1. At this point, you have likely already received from Delaware…
The SEC has the Munchees: Eating away at the “utility token” theory
Yesterday, the SEC issued an enforcement order regarding Munchee’s token offering and SEC Chairman Jay Clayton released a general public statement on cryptocurrencies and ICOs. For those who previously read our post about the SEC’s report in the DAO, much…
Finance Rules of the World: see how different jurisdictions allow for finance & investment
By Trent Dykes
Compliments of over 100 of our DLA Piper colleagues around the world, DLA Piper has launched Finance Rules of the World, which gives you answers to key legal questions that you may consider when initially looking at financing or…
The Securities and Futures Commission of Hong Kong comments on ICOs
By DLA Piper
Article prepared by and republished courtesy of our colleagues Luke Gannon, Scott Thiel and Hayden Lau; originally published here:
https://www.dlapiper.com/insights/publications/2017/09/the-sfc-comments-on-icos/
The Securities and Futures Commission of Hong Kong (the SFC) has debunked the myths that no securities laws apply…
SEC Report on Tokens as Securities: Seven Takeaways
One of the more interesting phenomena in early-stage investing is the recent emergence of initial coin offerings (“ICOs”), token generation events (“TGEs”), or similar distributed ledger or blockchain-enabled means for raising capital. Much has been written, including by many skilled lawyers…