On June 8, 2011, the SEC entered a cease and desist order
against two individuals, Michael Migliozzi II and Brian William Flatow, who
launched a crowdfunding campaign at their website BuyaBeerCompany.com to raise
$300 million to buy Pabst Brewing Company...
Today, I would like to discuss
regulatory aspects of crowdfunding. There are several proposals now that aim to
change existing regulation to provide small businesses with easier access to
One such proposal comes from the Sustainable...
On June 20, 2011, the Internet Corporation for Assigned
Names and Numbers ("ICANN") approved a new policy that would allow anyone to
apply for a new generic Top Level Domain (gTLD). Currently, there are 22 gTLDs,
like .com, .org, .net and...
The advance of the Internet has changed how we do
business. Now, many businesses have moved online. One can do all the shopping,
including the grocery shopping, without leaving home. Legal services have also
evolved. While most law firms still hold...
On September 8, 2011, the U.S. District Court for the
Northern California entered a Consent Decree and Order for Civil Penalties,
Injunction and Other Relief against a mobile apps developer, W3 Innovations
LLC, and its owner, Justin Maples.
I’ve seen this many times before: entrepreneurs enter into handshake agreements with others, trying to save on legal fees. Often, the counterparties are contractors, employees, investors, or co-founders. These entrepreneurs are not entirely wrong...
Much has been written about how difficult it is now to
obtain financing for small businesses. Banks charge high interest rates, and it
is tough to qualify even for a bank loan. Angel or VC funding is even harder to
come by. So, to secure funding, business...