Funding & Capital Raising
Are you ready for an exit transaction? (Probably not.)

With exit deals potentially around every corner, most founders are not asking themselves (and probably should be), if the Company is ready for an exit transaction and the scrutiny that comes with it. This article explains the basic steps of a merger or acquisition transaction, so that you can better understand what to expect at exit.


Funding & Capital Raising
Equity Options for LLCs

Issuing equity in LLCs can be complicated and lead to additional compliance and reporting obligations, and great care should be taken when determining the right equity structure. This blog is meant to serve as a brief introduction to four common ways of issuing equity in an LLC to compensate key service providers or employees.


Funding & Capital Raising
SEC Amends 506(c) Accredited Investor Verification

One of the recent SEC amendments updated the accredited investor verification requirements under Rule 506(c), which is a common federal exemption utilized by startups to broadly solicit capital from accredited investors.


Funding & Capital Raising
SEC Amendments Positively Impact Capital Formation For Emerging Companies

On November 2, 2020, the Securities and Exchange Commission (SEC) voted to amend the existing regulations and those rules went into effect on March 15, 2021. The SEC amendments change the landscape for small businesses and entrepreneurs seeking to raise capital through exempt offerings.


Funding & Capital Raising
The Critical Role that Accelerators Play in Venture Financing

Seed capital provided by accelerators must be provided to startups with great care. Here are three ways accelerators can avoid causing long-lasting negative ramifications for startups.


Fantasy Sports & Gaming
Texas DFS Bill – H.B. 393

H.B. 393 seeks to legalize fantasy sports contests by amending the Texas Penal Code’s definition of “bet” to exclude prizes or awards won in a fantasy sports contest. The language is mostly consistent carve-out language but there are two key additions which could have a material effect on contests currently being offered in the state.


Fantasy Sports & Gaming
Texas Sports Betting Bill – H.B. 1121

A recent bill authorized by Representative Harold Dutton of Houston on January 12, 2021 seeks to legalize sports betting in Texas. The bill aims to allow authorized permit holders to offer sports betting through their designated electronic platforms.


Sports & Gaming
Texas Amendment Would Open Door For Commercial Casinos

On February 8, 2021, San Antonio Democratic Senator Roland Gutierrez filed Senate Joint Resolution 36 (SJR 36 or hereafter, the “Amendment”) in an effort to amend the Texas Constitution and thus pave the way for commercial casinos in Texas. If […]