Startups

Current trends on deal multiples (Q1 2017)

Our private company clients often ask what kind of revenue or EBITDA multiple ranges they can expect upon a sale or when determining their enterprise value in connection with a financing. This is always a tricky question as value is driven by ever-changing supply and demand and then-current market conditions. Moreover, ...

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NYDFS Announces Final Cybersecurity Rules for Financial Services Sector

The dilutive impact of VC funding on founder ownership

New SEC exemption rules for intrastate and regional offerings

Investors

SEC Report on Tokens as Securities: Seven Takeaways

One of the more interesting phenomena in early-stage investing is the recent emergence of initial coin offerings (“ICOs”), token generation events (“TGEs”), or similar distributed ledger or blockchain-enabled means for raising capital. Much has been written, including by many skilled lawyers in the technology sector, about whether the tokens issued in ...

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Corporate Venture Capital Compensation Snapshot

So Your Fund Wants to Invest in Canada, Eh?

SEC Sanctions Private Equity Fund Adviser For Acting As An Unregistered Broker

VC Funds and Tax

Getting up to speed on blockchain, Bitcoin, Ethereum, cryptocurrencies and ICOs

Much has been written recently on blockchain, Bitcoin, Ethereum, cryptocurrencies and initial coin offerings (ICO). Unfortunately, for non-computer scientists (like me), trying to understand these concepts and their potential implications can be a bit overwhelming. To help all of those non-technologists trying to get their heads around blockchain, Bitcoin, Ethereum, ...

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The Trump Tax Reform Plan – Key Points

New IRS Proposed Regulations Eliminate Valuation Discounts: Planning Likely Required before the End of 2016

“Qualified Client” Threshold Increasing to $2.1M

IPOs and M&A

Hart-Scott Rodino Thresholds Revised

From our colleagues Paolo Morante, Steven E. Levitsky, Laura Kam and Adam Steene: The Federal Trade Commission has announced its annual revision to the jurisdictional thresholds under the Act. The new thresholds will go into effect 30 days after publication in the Federal Register, which is expected in the next few days. Under the new ...

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Corp Fin no longer requires “Tandy” representations for file reviews

The Hot List: 2016 Proxy Season Trends and Action Items

Audit Firms Must Disclose Engagement Partner

LexBlog