Oracle sued Google for copyright infringement on August 13, 2010 regarding Google’s use of 11,500 lines of Java code and application programming interfaces (APIs). The longstanding legal battle between Google and Oracle was argued in the Supreme Court on Wednesday, October 7th and will establish major precedent every software company […]
On Wednesday, August 26, the Securities and Exchange Commission (“SEC”) announced an amendment to the definition of Accredited Investor. The SEC proposed a rule change to update the definition of Accredited Investor on December 18, 2019. That change was announced yesterday in an attempt to “modernize” the rule. History of […]
Federal, state, and local relief for COVID-19 offer ample opportunities for small businesses and startups during this financial and health crisis. On a federal level, three core stimulus packages have been signed into law: Family First Coronavirus Response Act, Coronavirus Preparedness and Response Supplemental Appropriations Act, and Coronavirus Aid, Relief, […]
We’re often asked about what financial or other company information has to be disclosed to investors and stockholders, what information can be demanded, and what information can be kept internally. We’re kicking off a two-part series to clear up some commonly asked questions about financial inspection rights, starting with the […]
Continue to follow our blog as we chronicle the newest litigation facing Uber. Uber’s Latest Legal Battle By now, you may have heard about the latest of Uber Technologies’ woes: a lawsuit, filed by one of their earliest venture capital investors, Benchmark Capital. Benchmark has alleged that Uber’s founder and now-former […]
In a recent episode of the HBO startup drama Silicon Valley, the development team at Pied Piper have created and are marketing a video messaging app, PiperChat. Unfortunately, the team fails to successfully migrate their terms of service onto the app, and they come to learn that a significant percent […]
Click here to read our more detailed post of the basics of Regulation Crowdfunding. We have listed some examples below of the various types of intermediary available for Regulation Crowdfunding offerings, rather than make a comprehensive list of all possibilities in the current market. Notably, neither Kickstarter or Indiegogo (arguably the […]
While it might at first seem counter-intuitive, initial ownership of founders equity in your startup should not be based on entirely on who had the idea or who has contributed the most so for. The nature of startup relationships are unpredictable, and oftentimes founders have different ideas on what is […]
Prior to entering into negotiations with an angel investor or venture capitalist there are multiple due diligence-related items the VC will want evaluate in order to make the decision whether to invest in your company, and if so, how much they want to invest. Failing to properly plan for these […]
On Thursday, President Obama signed into law the Jumpstart Our Business Startups Act (JOBS Act). This Act, comprised of several bipartisan-supported bills designed to ease capital-raising for small businesses, will undoubtedly be a major game-changer for capital raising and the business of investing in startups. What follows is an analysis […]