A legal blog on private funds, startups, and venture capital.
A legal blog on private funds, startups, and venture capital.
What are the primary benefits for founders and their investors to opt for a convertible note offering? This post reviews the key benefits of the convertible note structure to determine if it is right for your company.
Rule 506(b) is the most commonly used securities exemption for private companies. This post compiles some best practices for conducting a 506(b) offering in a bullet-pointed list for easy reference.
Companies raising capital using Rule 506(c) have several options as to how to verify whether their investors’ are indeed “accredited investors.” This post describes some of the options companies have.
The best way for advisers to minimize the costs of trade errors is to accept that such errors occur and create a sound plan of action for when they do.
Even if a private fund adviser is exempt from registration as an investment adviser, it may be subject to other federal and securities laws. This post summarizes the relevant legal issues.
The venture capital adviser exemption exempts an investment adviser that solely advises venture capital funds from registration with the SEC. This article describes the conditions needed to qualify for the exemption.
