The SEC has recently issued interpretations regarding Rule 147. This rule provides a safe harbor under Section 3(a)(11) of the Securities Act of 1933, as amended, which exempts from federal registration securities offered and sold only to persons resident
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 9
Take the Technology Leaders Forecast Survey
By Trent Dykes
On October 7, DLA Piper will host the Technology Leaders Summit, where technology leaders, influential innovators and policymakers convene to discuss the future of innovation. At the Summit, DLA Piper will release the results of its fourth, semi-annual Technology…
What is Micro-Venture Capital?
By Trent Dykes
Over the past few years, a new funding source for seed stage startups has developed and quickly become an integral part of the startup ecosystem. This newer brand of investor is typically labeled a seed venture or micro-venture capital fund…
Angel Investment Trends: Q1 2014 Halo Report
By Trent Dykes
The Q1 2014 Halo Report has been released by the Angel Resource Institute, Silicon Valley Bank and CB Insights. The Halo Report analyzes angel investment activity and trends in the United States. Here are a couple interesting Q1 2014…
Equity Compensation Alphabet Soup – ISO, NSO, RSA, RSU and more
By Trent Dykes
CONTRIBUTED BY
Rachel M. Perkins
rachel.perkins@dlapiper.com
Startups and public companies alike often use equity to help attract, retain and incentivize talented employees and other service providers. The different forms of awards have proliferated in the past several years, though, leading…
Seattle Office Real Estate Market Review for Q2 2014
By Trent Dykes
Compliments of Jason Smith of Kidder Mathews, attached is a Seattle-area office real estate market review for Q2 2014. As the report notes, so far in 2014, the only major surprise in the office market was Boeing expanding into…
Pacific Northwest Investment and Exit Report
By Trent Dykes
CB Insights recently released its Pacific Northwest Investment and Exit Report, which analyzed private company investment and exit activity over the past five years. The report collected data from all activity sources, including venture capital, private equity, strategic corporate…
You think your merger is too small for antitrust laws to apply…think again: Top 10 tips in non-reportable transactions
By Trent Dykes
Article prepared by and republished courtesy of our colleagues Steven Levitsky and Paolo Morante; originally published here: http://www.dlapiper.com/en/us/insights/publications/2014/05/merger-enforcement-actions-below-the-hsr-threshold/.
“Less is more” may be true in architecture, but in merger clearance law, “less” is still enough to trigger antitrust…
Top 10 Pitfalls in Managing Employment Contracts as You Go Global
By DLA Piper
From our colleague, Ute Krudewagen
The CEO of an emerging growth company called me a while ago, a bit shocked after having seen the employment contracts that had just been issued to a couple of new hires in Hong Kong. …
FINRA Simplifies Corporate Financing and Conflict of Interest Rules
FINRA, the securities self-regulatory organization whose members are broker-dealers, recently simplified two rules that are critical in the public offering process.
FINRA’s Corporate Financing Rule generally regulates underwriting compensation and prohibits unfair arrangements in connection with the public offering…