Securities Straight Talk Vol. 2: Out With the Old (Rule 505), In With the New (Rule 504)
The SEC released its final ruling that amends Rule 504 and repeals Rule 505, altering Reg D as we know it. In a nutshell, the SEC has combined the best of Rule 504 (unlimited investors, no accredited investor requirement, no burdensome disclosures) with the best of Rule 505 (a $5,000,000 offering limit).
Securities Straight Talk Vol. 1: Securities Laws Matter To Startups (Yes, Yours Too)
So, what exactly is a security, and how does it relate to my startup? In this blog series, we will provide the straight talk on federal and state securities laws to help you navigate the web of regulation.
The Oddish Intersection of Property Rights and Augmented Reality
Pokémon Go, and similar apps, have now forced us to consider a new right that may be tied to property: your virtual rights.
Texas State Securities Board Approves New Crowdfunding Rules
As I wrote last week, crowdfunding in Texas is literally, right around the corner. By a 4-0 vote yesterday, the Texas State Securities Board approved rules to regulate equity crowdfunding in Texas. The rules will go into effect in late […]
SEC Releases Long-Standing Proposed Crowdfunding Rules
Finally! Ten months after they were supposed to be released, the SEC released the proposed crowdfunding rules to the general public on October 23, 2013. The proposed rules are currently in the middle of the 90-day comment period, and as […]
House Passes October 31 Deadline For Section IV Of JOBS Act
On May 15, 2013, the House approved H.R. 701, a bill that requires the Securities and Exchange Commission to finalize Section IV of the JOBS Act by October 31, 2013. Section IV of the JOBS Act, titled Small Company Capital […]
General Update on Pick’em Contests
For our Fantasy Sports and Gaming clients, VW Senior Attorney Blake Hart has provided an update on the evolving situation with Pick’em contests!
Corporate Transparency Act Q&A
We answer some FAQs about the Corporate Transparency Act, which requires most businesses to file a Beneficial Ownership Information report to report certain information regarding the business, its beneficial owners, and company applicants.
ESOP v. Stock Options: What’s the difference?
We often get clients asking for an ESOP Plan when they are actually thinking of a Stock Option Plan or Equity Incentive Plan. In this blog, we go over the difference between an Employee Stock Ownership Plan and Stock Options.
Venture in the Middle: Bridge Rounds in a Down Funding Environment
Venture financings are at a two-year low, which is predictable given the current state of the economy. But startups need capital even during downtimes, so bridge rounds tend to increase. Here are a few tips for navigating bridge rounds in a down funding environment.