Banking and Finance

Recent Posts

Dodd–Frank Wall Street Reform and Consumer Protection Act Regulation of Hedge Funds
Posted on 2 Sep 2010 by Thomas O. Gorman

Hedge funds were a key subject of debate during the passage of Dodd-Frank. While the funds were not tied to the causes of the market crisis, they do represent large pools of assets which can impact the market. Regulators frequently note that they have... Read More

Venture Capital Term Sheet Negotiation — Part 12: Preemptive Rights
Posted on 9 Jul 2014 by Alexander Davie

This post is the twelfth in a series giving practical advice to startups with respect to understanding and negotiating a venture capital term sheet. In the prior eleven posts, we provided an introduction to negotiation of the term sheet and discussed... Read More

Venture Capital Term Sheet Negotiation — Part 6: Voting Rights and Protective Provisions
Posted on 12 Feb 2014 by Alexander Davie

This post is the sixth in a series giving practical advice to startups with respect to understanding and negotiating a venture capital term sheet. In the prior five posts, we provided an introduction to negotiation of the term sheet and discussed binding... Read More

Venture Capital Term Sheet Negotiation — Part 8: Carve-Outs to Anti-Dilution Provisions and “Pay to Play” Provisions
Posted on 18 Apr 2014 by Alexander Davie

This post is the eighth in a series giving practical advice to startups with respect to understanding and negotiating a venture capital term sheet. In the prior seven posts, we provided an introduction to negotiation of the term sheet and discussed... Read More

Venture Capital Term Sheet Negotiation — Part 14: Representations and Warranties
Posted on 5 Nov 2014 by Alexander Davie

This post is the fourteenth in a series giving practical advice to startups with respect to understanding and negotiating a venture capital term sheet. In the prior thirteen posts, we provided an introduction to negotiation of the term sheet and discussed... Read More

Citizen VC No-Action Letter - the SEC Guidance on Online Private Placements
Posted on 17 Sep 2015 by Arina Shulga

As a follow up to my previous blog post where I discussed the new CDIs relating to the definition of "general solicitation" in private offerings conducted under Rule 506(b), I decided to discuss the recently issued SEC no-action letter to Citizen... Read More

Corporate Venture Capital - Big Second Quarter
Posted on 8 Aug 2013 by Megan Muir

CB Insights has published summary data regarding Q2 2013 corporate venture capital investing, showing CVC investment in 126 deals with total funding of US$1.7 billion. This marks a large increase over the past two quarters (both at US$1.4B) and an even... Read More

Venture Capital Term Sheet Negotiation — Part 16: Closing Conditions and Expenses
Posted on 18 Nov 2014 by Alexander Davie

In the prior fifteen posts, we provided an introduction to negotiation of the term sheet and discussed binding and non-binding provisions and discussed valuation, cap tables, and the price per share , dividends on preferred stock , liquidation preferences... Read More

Venture Capital Term Sheet Negotiation — Part 20: Founders’ Stock
Posted on 25 Mar 2015 by Alexander Davie

This post is the twentieth in a series giving practical advice to startups with respect to understanding and negotiating a venture capital term sheet. In the prior nineteen posts, we provided an introduction to negotiation of the term sheet and discussed... Read More

Update on the VC World from Mark Heesen of the NVCA
Posted on 17 Jun 2011 by Asher Bearman

The National Venture Capital Association (NVCA) held its annual breakfast in Washington DC yesterday. As part of the breakfast, Mark Heesen, President of the NVCA, provided some interesting thoughts regarding the state of the VC industry, which are... Read More

Venture Capital Term Sheet Negotiation: Valuation, Capitalization Tables, and Price per Share
Posted on 15 Oct 2013 by Alexander Davie

This post is the second in a series giving practical advice to startups on understanding and negotiating a venture capital term sheet. This post will focus on pre-money valuation, capitalization, and price per share. Read the introduction to this series... Read More

What is a Venture Capital Fund?
Posted on 22 Aug 2011 by Doug Cornelius

For me, venture capital has always been a fuzzy term. They generally invest in start-ups and provide early stage capital for their growth. As a company progresses through later rounds of funding, that definition does not seem to work that well. For... Read More

Venture Capital Term Sheet Negotiation — Part 10: Registration Rights
Posted on 14 May 2014 by Alexander Davie

This post is the tenth in a series giving practical advice to startups with respect to understanding and negotiating a venture capital term sheet. In the prior nine posts, we provided an introduction to negotiation of the term sheet and discussed binding... Read More

What Is Micro-Venture Capital?
Posted on 5 Sep 2014 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 (a Micro-VC... Read More

Recap of Q2 2015 Venture Capital Activity by Region
Posted on 7 Jul 2015 by Trent Dykes

PitchBook just released its analysis of 2Q 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 Pacific Northwest . Below is also a quick... Read More