PitchBook just released its analysis of Q2 2015 venture capital activity by region, focusing on the six of the most active U.S. regions: the Bay Area; Boston; Los Angeles; the Midwest; New York; 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 7
SEC Proposes Clawback Rules
The SEC has proposed rules requiring listed issuers to adopt and comply with written “clawback” policies. These policies would need to provide that, if a listed issuer is required to prepare an accounting restatement due to the material noncompliance of…
Delaware Permits Exclusive Forum Provisions, Bars Fee-Shifting Provisions
Exclusive Forum Provisions
We have previously blogged about Delaware corporations considering, and Delaware courts upholding, “exclusive forum” provisions in their charter documents. These provisions require stockholder derivative and other intra-corporate lawsuits to be filed in the Delaware Court…
IMPLEMENTING CALIFORNIA’S PAID SICK LEAVE LAW: 10 ACTION ITEMS
By DLA Piper
From our colleagues Lucas V. Muñoz, Margaret Keane, Ben Gipson and Daniel Lac
Beginning July 1, 2015, employers in the State of California are required to provide employees with paid sick leave (PSL) under the California Healthy Workplace…
SEC Proposes “Pay-Versus-Performance” Rules
Yesterday the SEC issued its long-awaited “pay-versus-performance” rule proposal. The rules would add a new paragraph (v) to Item 402 of Regulation S-K. In short, the proposed rules would require a new table comparing “executive compensation actually paid”…
Carefully Draft NDAs to Avoid Whistleblower Concerns
In light of the SEC’s first enforcement action against a company for impeding whistleblower activity in violation of Rule 21F-17, employers may wish to consider clarifying in their agreements, policies and practices that involve confidentiality obligations that employees may…
Factors the SEC Considers in “Bad Actor” Waivers
We have previously blogged about the SEC’s July 2013 rule change that disqualifies certain “bad actors” from using Rule 506. Thankfully, Rule 506 permits the SEC to determine, upon a showing of good cause, that it is not necessary under…
IMHO, Omnicare Doesn’t Materially Change Opinion Disclosure
Today, the U.S. Supreme Court issued its anticipated Omnicare decision, which addresses the standard of liability applied to expressions of opinion in a registration statement for a public offering. While there will be clamoring about Omnicare (it is somewhat rare…
Series Seed is the new Series A; VC-backed company valuations continue to rise
By Trent Dykes
PitchBook recently released its 1H 2015 VC Valuations and Trends Report that breaks down over 20,000 valuations of private company financings and exits over the past 10 years. The report shows continued increase in median U.S. venture-backed company valuation across…
Interactive 2015 Data Protection Laws of the World Handbook
By Trent Dykes
Compliments of our DLA Piper colleagues in the data protection and privacy practice, and co-editors Kate Lucente and John Townsend, here is the DLA Piper 2015 Data Protection Laws of the World Handbook. This updated 2015 online edition of…